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China Morning Snapshot – 16 October 2024
16 Oct 2024 Anticipation is now building for a joint press conference between the Chinese government and the People’s Bank of China on Thursday, 17 October, where authorities are expected to unveil new stimulus measures, particularly for the ailing housing sector.
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16 Oct 2024

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16 October 2024 - Shenhua's coal-based PP and PE Auction Results

Key PP and PE contracts on the Dalian Commodity Exchange experienced a modest rebound this morning, contributing to a slight increase in transactions on the Shenhua Auction Platform compared to the previous session.
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15 Oct 2024

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China Morning Snapshot – 15 October 2024

Buying interest has weakened, with the appearance that buyers resist current prices unless bolstered by substance, such as a tangible supply disruption in the Middle East or a realised economic stimulus—both of which were anticipated throughout the previous week but did not materialise.
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15 Oct 2024

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15 October 2024 - Shenhua's coal-based PP and PE Auction Results

The Shenhua auction platform experienced a notably tepid market response this morning for both PP and PE, marking a decline in activity compared to the previous session. Even with a modest discount of CNY 50/ton ($7), buyer engagement was lackluster, reflecting broader market hesitancy.
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14 Oct 2024

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China Morning Snapshot – 14 October 2024

Market sentiment has been dampened by the central government's failure to present any concrete spending proposals during the meeting on October 12, leaving stakeholders concerned about the lack of immediate economic stimulus.
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14 Oct 2024

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Asian PVC market faces uncertainty ahead of November price announcements

While a price hike seems plausible, driven by China's recent surge and increased shipping costs, sluggish demand in India—Asia's largest PVC importer—could limit any upward movement.
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14 Oct 2024

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14 October 2024 - Shenhua's coal-based PP and PE Auction Results

Shenhua concluded the first auction session of the week on a mixed note, with LLDPE achieving strong sales results of 91% of the auction volume while the demand for PP remained sluggish.
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11 Oct 2024

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Malaysian producer kept November PE offers to Vietnam on a stable to firmer track

The stable LDPE offers were largely anticipated, given the rebound in China following the National Day holiday. Chinese buyers, concerned about potential supply disruptions from Iran, have accelerated their purchases ahead of the peak agricultural film season.
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