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10 October 2024 - Shenhua's coal-based PP and PE Auction Results
11 Oct 2024 With key PP and LLDPE contracts on the Dalian Commodity Exchange regaining some stabilization from the downswing in the previous trading day, Chinese bidders were more confident in participating in auctioning for coal-based cargoes on the Shenhua Auction Platform.
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09 Oct 2024 PET Bottle

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Indonesian PET bottle market rebounded, buyers’ skepticism persists

The Indonesian PET bottle market rebounded this week, following a delayed response to recent firming trends in the international market. Key local producers have raised spot offers by IDR 200,000-300,00/ton.
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09 Oct 2024

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Chinese LDPE film market hit 27-month highs on stimulus rush and supply disruption fears

Iran has long been China’s largest supplier of LDPE. However, escalating geopolitical tensions in the Middle East now pose significant risks to this supply chain. Iran’s oil and gas infrastructure has become a potential target for military strikes, which could severely disrupt petrochemical output.
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09 Oct 2024

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China Morning Snapshot – 09 October 2024

However, some local suppliers framed the recent price cuts as strategic, aiming to ease buyer concerns and stabilize the market. As such, the upswing might be slower, but more likely to sustain.
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09 Oct 2024

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

Trading sentiment on the Shenhua auction platform experienced a significant decline compared to the previous session, mirroring the broader correction on the Dalian Commodity Exchange.
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08 Oct 2024

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Key Indonesian trading house surprised local market with sharp PP, PE price hikes

Contrary to the shock expressed by some buyers, other local traders argue that the increases were inevitable, citing previous unsustainably low price levels that have eroded profit margins across the distribution chain.
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08 Oct 2024

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Chinese polyolefin markets rally post-holiday despite larger-than-expected inventory buildup

On one side, many sellers are optimistic that the rally will persist, fueled by government stimulus and geopolitical tensions in the Middle East, which could disrupt supply chains and further support prices.
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08 Oct 2024 PET Bottle

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Chinese PET bottle market soared after the Golden Week; buyers remained cautious on the sidelines

While buyers remain cautious, citing concerns over the end-product demand outlook, Chinese PET bottle producers are grappling with escalating production costs. The rise in upstream PTA and MEG prices—driven by the crude oil market—has placed additional pressure on margins.
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