May 30, 2025 1:58 p.m.
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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 Feb. 2025

The brief rally in China’s PP and PE markets last week proved short-lived, as spot offers for most grades remained stagnant. Market sentiment continued to be weighed down by a sluggish Dalian Commodity Exchange and month-end destocking efforts.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 Feb. 2025

China’s export PET bottle market has lost momentum after a two-week uptrend, as demand weakens with key Muslim markets entering the Ramadan season. Prices have eased by $10–20/ton from the previous week, bringing the market floor below $800/ton FOB China.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 Feb. 2025

Export offers for homo-PP from China have shown significant divergence since the beginning of the week, reflecting contrasting market strategies among producers. While some suppliers are actively lowering prices to accelerate sales, others are testing market resistance with higher offers.
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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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