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News Insight & Analysis

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Local producer announced PP, PE offers in Indonesia on mixed trend
24 May 2021 The continued weakening trend in the import ground encourages buyers to negotiate aggressively for discounts, though sellers attempt to limit the extent of price reduction considering the upstream costs.
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24 May 2021

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China Morning Snapshot – 24 May 2021

Several traders informed of lower inventories pressure after conceded to discounts in the previous week, however, maintain a bearish expectation in the near-term outlook.
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24 May 2021

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24 May 2021: Auction sales result for Shenhua's coal-based PP and PE

Transactions on Shenhua’s auction platform have somewhat improved from last week, however, buyers seem to remain cautious reflecting in the mediocre deal results.
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21 May 2021

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Import ABS to Vietnam inches lower amid weak buying interest

It does not appear that international suppliers would concede to any substantial price cuts in days ahead amid the steady demand in the nearby China market, especially from the toys and electronics sector.
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21 May 2021

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China Morning Snapshot – 21 May 2021

Despite the improving sentiment on the Dalian Commodity Exchange, sources reported dull trading activities in the domestic spot ground.
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21 May 2021

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21 May 2021: Auction sales result for Shenhua's coal-based PP and PE

In spite of the lower prices, the number of transactions on the auction platform remains subdued on the final trading day of the week.
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20 May 2021

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Thailand producer further down-adjusted PE prices to China

Given the duty and lead time advantage of the Thai cargoes, it is expected that other suppliers would fall under pressure to follow the price adjustment.
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20 May 2021

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China Morning Snapshot – 20 May 2021

Sentiment is sluggish as Chinese players adopt a more cautious stance while waiting for clearer market direction.
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