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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 December 2024

In an unexpected move, Middle Eastern suppliers lowered import LLDPE film offers to China during the week ending 13 December 2024. This decision came despite strong upstream ethylene costs and a six-week rally in the domestic market. Industry sources attributed the price cuts to year-end destocking efforts, currency exchange challenges, and an uncertain market outlook for January.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 December 2024

The Indian PVC market remains mired in uncertainty following the conclusion of a public hearing on the anti-dumping (ADD) investigation targeting imports from seven countries. Speculation continues to grow around the timing of the ADD implementation, with some traders anticipating enforcement as early as January.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 December 2024

The Chinese polyolefins market has remained stable this week, with market participants maintaining a cautious outlook despite anticipation of a key policy meeting that was expected to deliver significant economic stimulus. While key polymer grades, including homo-PP, LDPE, and HDPE, saw minor price adjustments, Chinese traders remain adamant that a CNY 50/ton discount on LLDPE film did not necessarily signal a potential price correction.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 December 2024

Indonesian buyers of homo-PP have exhibited limited urgency in replenishing stocks, despite the typically higher demand expected ahead of Ramadan. This cautious approach stems from multiple factors: sluggish downstream demand, sufficient existing inventories, concerns about a potential influx of Chinese materials once shipping costs stabilize, and fluctuating exchange rates.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 December 2024

Chinese PVC suppliers reduced export prices for carbide-based PVC by $5/ton at the start of the week, pushing prices to an unprecedented low. This decline was attributed to weakness in the Dalian Commodity Exchange and uncertainties surrounding the final outcome of India's anti-dumping investigation.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 Dec. 2024

Several market participants reported that their respective banks provided guidance projecting further depreciation of the Dong against the US dollar. A weaker local currency typically drives up import costs, exerting upward pressure on domestic prices.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 December 2024

The Chinese PET market has shown signs of stability, following efforts by producers to arrest a further slide into new 2024 lows. These initiatives, aided by a modest recovery in crude oil prices and planned maintenance shutdowns at two local PET plants, have kept spot offers from slipping
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 December 2024

Import activity in Indonesia's PP block copolymer market has slowed significantly as importers grapple with increasing time risks. The approaching expiration of import quotas on 31 December has deterred buyers from placing orders that are unlikely to arrive before the deadline, resulting in the cancellation of several shipments.
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