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![[daily] Daily Market Wrap – China – 05 Dec. 2023](https://plixstar.com/wp-content/uploads/2022/10/logo-small-commoplast.jpg)
The domestic spot PP market remains on a stable to softer trend, inching another CNY50/ton lower than the previous session under pressure from the dwindling Dalian Commodity Exchange. [...]
The silver lining is that customers started showing acceptance toward the latest prices as traders reported better sales results. [...]
Given the stronger Yuan against the US dollar, Chinese buyers cautiously negotiate with international suppliers to secure some import cargoes, though, no aggressive restocking is observed. [...]
As reported earlier, despite the steep reductions in the stocks belonging to Sinopec and CNPC, the overall PP supply in China is comfortable at the moment. The country produced 2.9… [...]
The location gap between China and the nearby Vietnamese market has narrowed significantly and even turned non-existence in some cases. [...]
The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 06 December 2023 settled as follows: [...]
The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 06 December 2023 settled as follows: [...]
Oil prices nosedived to a near five-month low on Tuesday, 5 December 2023 marking a four-day decline fuelled by a robust US dollar, demand uncertainties, and scepticism surrounding OPEC+ announced… [...]
The 2401 for January 2024 delivery contract on Dalian Commodity Exchange on 05 December 2023 settled as follows: [...]
Players noted that buyers who refrained from purchases in the previous session showed increased willingness to accept the adjusted prices. [...]
As the uptrend in the local Indonesian homo-PP market extended to the second week, international suppliers started lifting their offers, effectively halting the three-month losing streak. [...]
The HDPE film market in China especially catches attention. The supply tightness that elevated the grade across the global market in the second and third quarters of 2023 seems subsiding. [...]
For the second week in a row, a major trading house in Indonesia lifted spot PP and PE offers to domestic buyers amid growing confusion among buyers since finished goods… [...]
The rise in local stocks are rather surprising. Nevertheless, sources said that the existing levels are still very much manageable for producers. [...]
Meanwhile, sources are optimistic about the demand from the PVC film sector as converters in the packaging sector ramp up operating rates to meet the festive demand. [...]
One of the biggest risks is the dwindling Chinese market. With rising local production outputs, Chinese suppliers might accelerate the effort to attract overseas sellers by offering discounts. [...]
International suppliers decided to maintain import homo-PP offers to Indonesia stable for the second week in a row, prompting vociferous complaints from buyers here. Sill, sellers are unbudgeable ... [...]
International suppliers started to introduce a firmer stance on import PE offers to Indonesia this week after concluding December businesses. A firm upstream ethylene market coupled with the narrowing location… [...]
The producer took longer than expected to deplete the allocation to this market, though players are not surprised for the fact that most customers managed to stock up beforehand. [...]
In the import market, international suppliers started announcing December shipment offers with decreases from the previous month, shrugging off the concerns over the ethane supply shortage that is expected to… [...]
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