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News Insight & Analysis

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14 February 2023 - Shenhua's coal-based PP and PE Auction Results
14 Feb 2023 . Market sources said that real demand from manufacturers has not picked up strongly enough, hence, Shenhua keep deal prices for both PP and PE cargoes on the soft side to lure arbitrage traders back to the market.
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13 Feb 2023

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Qatari producer lowers PE offers to China despite tight supply, prompting concerns on the market outlook

While market participants across the Southeast Asia region are expecting higher import PE offers for March shipment due to the rising upstream costs and reduced availability, a key Qatari producer moves to cut offers to China market
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13 Feb 2023

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Malaysian producer lifted LDPE film offers to Vietnam by $100/ton

While showing stiff resistance toward the LDPE film grade, Vietnamese buyers are more willing to proceed with purchases for LDPE lamination after the $10/ton discount.
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13 Feb 2023

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Local PP, PE market in Indonesia loses steam as weak demand triumph

The influx of competitive Chinese materials further favour buyers’ position. Sources said that the minor price cuts from the producer generate little buying interest since traders have been slashing prices several times last week.
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13 Feb 2023

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China Morning Snapshot – 13 February 2023

Traders are not in rush to make any major adjustments hoping that transactions would improve if Dalian Commodity Exchange continued to increase in the coming days.
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13 Feb 2023

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13 February 2023 - Shenhua's coal-based PP and PE Auction Results

Still, Chinese buyers prefer to maintain a conservative stance toward the near-term outlook, which highlights the lack of risk appetite as well as confidence in the market.
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09 Feb 2023

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China Morning Snapshot – 09 February 2023

Several packaging manufacturers reported slight uptick in finished goods order, which encourage them to return to the market for fresh purchases.
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09 Feb 2023

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Asian ethylene and propylene market on the rise as supply tightened

The Asian ethylene and propylene markets have been on the rise since January 2023 as supply tightened stemming from a prolonged period of production rate cuts among Asian crackers as a result of negative margins and weak downstream demand.
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