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News Insight & Analysis

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Asian suppliers lifted homo-PP offers to Indonesia; buyers remained conservative
11 Jul 2023 Nevertheless, market players believed that the recent downswing has reached the cyclical bottom and the absence of sales pressure would encourage sellers to maintain a firm stance on the prices.
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11 Jul 2023

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11 July 2023 - Shenhua's coal-based PP and PE Auction Results

Still, Shenhua facilitated demand by offering discounts of CNY20/ton on homo-PP and CNY80/ton on LLDPE cargoes
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10 Jul 2023

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Statistics: Local petchem outputs in China continued recovering in May

It is interesting that local plants have been churning out more than 1 million tons of HDPE monthly for three consecutive months
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10 Jul 2023

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Price List: Zhongjing rollovers export PP offers on upbeat local sentiment

Investors seems more confident in the near-term outlook following the latest official meeting between the US and China that aims to improve the trade relations between the two countries.
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10 Jul 2023

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China Morning Snapshot – 10 July 2023

Regardless of the dwindling futures market, domestic suppliers maintain a firm stance on spot PP and PE cargoes, fetching support primarily from the reduced inventory pressure.
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10 Jul 2023

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10 July 2023 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform kickstarted the week with a satisfactory number of transactions even though the producer lifted auction prices by CNY70/ton for homo-PP and CNY130/ton for LLDPE from the previous session.
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07 Jul 2023

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China Morning Snapshot – 07 July 2023

The abrupt surge in the futures market encourages domestic suppliers to introduce additional hikes on spot PP and PE offers regardless of the growing resistance from the market.
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05 Jul 2023

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Local producer revises PP, PE upward in Indonesia on reduced inventory pressure

As the rollover introduced earlier this week was deemed overly conservative considering the bullish market development, a major Indonesian producer decided to revise spot PP and PE offers upward
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