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News Insight & Analysis

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China Morning Snapshot – 21 August 2025
21 Aug 2025 On the local front, Chinese sellers rollover spot PP offers, leveraging the firmer futures contracts against the stubbornly sluggish demand conditions.
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20 Aug 2025

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South Korea moves to rein in petrochemical overcapacity amid YNCC turmoil

South Korea is moving to restructure its petrochemical industry, with policymakers and producers agreeing to a coordinated effort to cut chronic overcapacity and arrest eroding profitability.
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20 Aug 2025

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Shenhua Auction: Discounts sustained sell-through rates amid weak fundamentals

Auction results showed that deals for PP homo yarn and LLDPE film were broadly similar to the previous session, supported mainly by the producer’s agile pricing strategy to mitigate the impact from weaker futures trading.
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20 Aug 2025

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Import PE market inches higher in China, but doubts linger over sustainability

Despite attempts by domestic sellers to firm up prices since mid-July in anticipation of stronger seasonal demand, gains have been limited to just CNY 100/ton ($14/ton).
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20 Aug 2025

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China set to confront petrochemical overcapacity with sweeping overhaul

According to people familiar with the matter, the Ministry of Industry and Information Technology is finalising a package that would require plants older than 20 years to undergo costly retrofits
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20 Aug 2025

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China Morning Snapshot – 20 August 2025

Distributors observed slower activity than on Tuesday, with converters mostly remaining on the sidelines in expectation of possible further concessions.
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19 Aug 2025

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Vietnamese major rolls over local PP, PE offers despite mounting exchange rate pressures

The Vietnamese Dong diverged from most other regional currencies, which strengthened in tandem with the softer US dollar. Instead, it weakened sharply to a record
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19 Aug 2025

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Shenhua Auction: Minor discounts triggered diverged buying sentiment

Sentiment on the Shenhua Auction Platform remained subdued, with PP continuing to lag behind despite the producer’s attempts to stimulate demand.
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