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Asian HDPE: Trends up with announcement of Chinese stimulus measures  / Trading activity muted in Southeast Asia / India prices stable

Asian HDPE: Trends up with announcement of Chinese stimulus measures / Trading activity muted in Southeast Asia / India prices stable

May 27, 2024

HD HDPE film grade up $5/mt week on week at$975/mt CFR Fareast Asia on May 21.Chinese domestic future prices rose on May 17, after the Chinese government announced that it would be introducing newpolicies to stimulate the real estate industry.On the same day, China's Ministry of Finance also startedselling Yuan 1 trillion of long-term special government bonds.Market sentiments picked up following these news ofmacroeconomic stimulus, with price discussions for both thedomestic and CFR-traded markets trending higher.Chinese futures prices, however, fell on May 21 though thishad yet to translate into any firm price changes for dollardenominatedcargoes, with indications reported largely stablefrom May 17, said sources.In Southeast Asia, trading activity was muted as participantsawaited fresh offers for further pricing directions. This HDPE film grade stable week on week at$1,000/mt CFR Southeast Asia.In...

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