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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 November 2024

The Chinese PET bottle market declined by CNY 100/ton in the week ending November 29, reaching a new low for 2024 for the second consecutive week. This latest drop was driven by a downturn on the Zhengzhou Commodity Exchange, where falling crude oil prices erased the mid-week rebound seen the previous week.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 November 2024

At least two major Saudi producers concluded December PE shipment in Vietnam with $30-40/ton reductions from the initial offers. While concessions had initially been expected, market participants were surprised at the steepness of the cuts—especially for the LLDPE grade.

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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 27 November 2024

Trading activity in Indonesia's local PET bottle market has improved in recent days, driven by demand from brand owners stocking up ahead of the festive season. Buyers have also turned to the local market due to concerns over currency fluctuations and challenges with imports.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 November 2024

At least two other Middle Eastern producers announced December PE shipment offers to Southeast Asia earlier this week, reflecting reductions of $10-40/ton for HDPE film and $10-30/ton for LLDPE film, depending on the specific market. These adjustments align with market expectations
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 November 2024

Several exporters targeting the Malaysian PVC market have moved ahead with December price lists despite a delay in announcements from the regional leader in Taiwan. New offers were listed at stable to slightly firmer, with Chinese PVC rising $5-20/ton to counteract the higher freight rates
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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 22 November 2024

The Chinese PET bottle market toppled after a brief upswing the previous week, plunging to the lowest point of 2024. CommoPlast indices show that offers have dropped by CNY50-150/ton as of November 22. The drop surprised market participants, some among whom had believed that the sector had hit a floor in late October
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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 21 November 2024

Trading activity in China’s PE import market has gained momentum, spurred by sharp price cuts over the week. LDPE offers have been particularly under pressure, with a major Thai producer slashing $75/ton off previous offers to offset burdens posed by the Yuan’s depreciation.
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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 20 November 2024

Trading sentiment in the Indian PE market remained flat in the post-Diwali period, with sufficient supply across grades. According to sources, a leading domestic producer introduced an incentive scheme to encourage restocking activities, offering discounts based on purchase volumes.
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