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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 Jan. 2025

In an interesting development, Chinese PET bottle suppliers decided to lift export offers by $5/ton at the start of the week, citing support from the stronger upstream costs and reduced inventory pressure. The audacious pricing decision was in contrast to the continued softening trend observed on the domestic front.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 Jan. 2025

Trading sentiment in the Vietnamese homo-PP market exhibited a slight improvement at the start of the week, as buyers sought competitively priced parcels ahead of the weeklong Lunar New Year holiday. A good number of transactions involving Chinese and South Korean cargoes were recorded

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 Jan. 2025

The Chinese and Southeast Asian LLDPE film markets are exhibiting divergent trends driven by contrasting regional dynamics. In China, a rising supply outlook exacerbated by the holiday lull has significantly dampened trading activity, leading to a sharp price correction in the domestic market.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 Jan. 2025

At least three Saudi Arabian producers have reported severe technical challenges at their LLDPE plants over the past week, resulting in notable reductions in February allocations to Asia. While fresh price lists from these producers for Vietnam reflect a stable trend or a modest increase of $10-20/ton compared to the previous month,
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 Jan. 2025

In an effort to assess near-term demand dynamics in the Chinese PE sector, CommoPlast surveyed 150 converters across the flexible packaging and agricultural film industries to gauge their operational plans as the Lunar New Year approaches.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 Jan. 2025

Analysts warn that the policy could intensify financial pressures on these refineries, potentially undermining their profitability and competitiveness. The ripple effects are already being felt in downstream petrochemical markets, where domestic and international stakeholders are bracing for an escalation in production costs.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 Jan. 2025

The Chinese PVC market regained stabilisation in the week ending 10 January 2025, recovering slightly from historic lows recorded in the prior week. Transactions in the local and export markets improved slightly as buyers took advantage of the current attractive pricing.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 January 2025

At least two major Middle Eastern producers have opened import PE offers to China with reductions, ranging between $5/ton to $30/ton compared to the previous price announcement. The downswing was expected, market sources said, considering a confluence of bearish factors
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