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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 Apr. 2025

China’s PET exporters reversed course on the previous week’s rebound, necessitated by the need to compensate for the rising shipping costs and persistently sluggish demand. The $5/ton reductions were aimed at facilitating transactions amid the absent of buyers from key Muslim-majority market.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 Apr. 2025

Trading sentiment in Southeast Asia’s PE market weakened significantly this week, weighed down by the Eid holiday lull and the conclusion of April business. However, growing concerns over the sustained downturn in China and stagnation in India have further dampened market confidence.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 Marc. 2025

The Chinese PVC market sustained its upward momentum for a second consecutive week, driven by a rebound in purchasing activity across both domestic and export segments. A stronger performance in key futures contracts on the Dalian Commodity Exchange further reinforced the market’s recovery.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 Marc. 2025

Chinese PET traders remain unwavering in their pricing stance, enforcing a $5/ton week-on-week increase on lower-end export offers. This firmness comes amid tightening domestic supply, as delayed restarts at major production plants
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 Mar. 2025

Several Chinese homo-PP suppliers have attempted to push export offers higher, raising prices by $2–5/ton from the previous week. These increases are ostensibly supported by a firmer futures market and signs of recovery in the domestic sector.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 Mar. 2025

The Asian propylene market extended its decline into a seventh consecutive week, with CFR China prices plunging by $42.5/ton since late January, as of 21 March 2025. Supply constraints in South Korea and Southeast Asia failed to offset
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 Mar. 2025

Vietnamese buyers have reported receiving new PS offers from a major Thai producer with an abrupt $60/ton increase from the previous week, a move that has drawn sharp criticism from the market. The hike comes despite a steep decline in upstream styrene costs.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 Mar. 2025

The Chinese PET bottle market halted a three-week decline as major suppliers sought to implement a modest $5-10/ton increase on export offers, citing tighter supply conditions and a stronger Yuan against the US dollar. However, the durability of this upward movement remains uncertain amid shifting demand dynamics.
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