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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 September 2022

According to industry participants, buy ideas for ethylene among Northeast Asian buyers are well below the $900/ton threshold at the moment. Looking ahead, market sources do not see many supports for the downstream sector in the final quarter of the year, hence, minimizing the risks of building stocks.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 September 2022

Zhongjing Petrochemical cuts export homo-PP offers for the second time this week, reducing $15/ton to $1075/ton FOB China term.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 September 2022

Traders have been counting on pre-holiday replenishment activities to deplete more cargoes, now looking to the export market to achieve the sales target.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 September 2022

In Southeast Asia, a Saudi Arabia producer opened October PE shipment offers with increases of $70/ton from last month to Vietnam and $40-60/ton to Indonesia citing the limited supply condition.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 September 2022

At least three Saudi Arabia producers have lifted import PE offers to China this week on the back of stronger upstream ethylene costs and reduced sales pressure.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 September 2022

Nevertheless, suppliers might continue to leverage the firming upstream costs and lower availability stemming from the reduced operating rates to keep offers firm in the near term.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 8 September 2022

While international suppliers continued to lift import PP and PE offers to China, the upbeat buying sentiment observed in the previous two sessions has faltered. Non-dutiable Vietnamese homo-PP yarn jumped $60-70/ton from the previous day
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 7 September 2022

While acknowledging the fact that the regional PP and PE markets have reached the bottom, Southeast Asian buyers continue to adopt a rather calm stance. There are no signs of customers rushing back to the market to secure additional cargoes before prices firm up.
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