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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 Feb. 2025

An Indonesian producer has maintained PP and PE offers at the previous week’s levels, challenged by dwindling demand as the Ramadan season approaches. Nonetheless, the seller refrained from implementing discounts, citing manageable selling pressure following a recent round of pre-holiday restocking.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 Feb. 2025

China’s homo-PP market faces a significant risk of supply curtailment in Q2, with more than 20 production units slated for maintenance. The anticipated production losses exceed 200,000 tons in the first month alone, heightening concerns over potential supply constraints in the coming quarter.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 Feb. 2025

After an extended downtrend since early November 2024, China’s local HDPE market has entered a recovery phase, with spot offers maintaining an upward trajectory for three consecutive weeks. The rebound has been driven by seasonal demand growth
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 Feb. 2025

Efforts to maintain firm export homo-PP offers earlier this week proved unsustainable, as several major Chinese producers were compelled to lower prices by $5-10/ton by mid-week. The adjustment aimed to revive overseas demand, which had weakened amid declining inquiries from Southeast Asia ahead of Ramadan
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 Feb. 2025

A Malaysian producer surprised the market by raising March LDPE offers to Vietnam by $20/ton, seemingly overlooking the depreciation of the Vietnamese Dong against the US dollar. The price hike was justified by supply constraints resulting from ongoing production disruptions and persistent margin pressures.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 Feb. 2025

In Malaysia, market participants have reported receiving lower import offers for Chinese ethylene-based PVC compared to earlier this month, just ahead of major regional suppliers' announcements for March shipment offers. The latest price adjustments have failed to stimulate significant buying interest
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 Feb. 2025

One of the biggest questions at the moment is whether the market has reached the cyclical bottom, considering support from the agricultural film season while overseas supply remained limited. Market participants remain cautious, as persistent concerns over new domestic production startups weigh on buyer confidence.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 February 2025

Indonesia’s Anti-Dumping Committee (KADI) has proposed anti-dumping duty rates on PP block copolymer from five countries— South Korea, Vietnam, the UAE, Malaysia and Singapore.
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