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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 September 2024

The Southeast Asian PP and PE markets remained largely unaffected by the increased buying sentiment in the nearby Chinese market. Several deals for South Korean homo-PP were finalized in Vietnam with discounts of $20-30/ton from the initial price list, while two Middle Eastern suppliers set final prices for October PE shipments with only slight reductions.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 September 2024

Following a fleet of new offers announcement for October shipment earlier this week, several key international suppliers started setting final PE prices to Southeast Asia, mostly with modest discounts or no adjustments at all from the initial price lists.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 September 2024

Meanwhile, there have not been any major movements in the Southeast Asian PP market. Buyers here remained wary of a potential influx of Chinese PP materials following the Golden Week holiday, yet, Chinese sellers are reluctant to aggressively cut prices.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 September 2024

Over the past week, buyers in the region have consistently reported a steady flow of LDPE film offers, some accompanied by special discounts, which have exacerbated uncertainty around the market's prospects. The substantial premium that LDPE film continues to command over LLDPE film
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 September 2024

Following the larger-than-expected key interest rate cut from the US Federal Reserve, trading sentiment in the local PP and PE market in China improved sharply. Converters in the country also reported a visible uptick in new orders from end-product buyers.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 Septemebr 2024

Inventory accumulation during the holiday period totaled just 65,000 tons, falling significantly short of the expected 90,000-120,000 tons. This lower-than-anticipated buildup indicates that Chinese producers currently face little inventory pressure.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 September 2024

Expectations on the near-term outlook are mixed at the moment. Players are weighing the US Federal Reserve’s decision on interest rate adjustments against the potential inventory build-up in China after the Golden Week.
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Rochelle Nguyen CommoPlast Asian Sdn Bhd

[FREE] Morning Briefing - 17 September 2024

The Asian ethylene market declined for the third straight week, ending 13 September, amid continued weakness in downstream demand. Trading activity remained sparse due to a wide gap between selling and buying price expectations. Despite recent drops in naphtha costs, sellers resisted significant price cuts, citing volatility in the upstream market.
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