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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 8 April 2022

Trading sentiment across Southeast Asia sees no improvement toward the end of the week as key Muslim market is easing into the holiday mood, while the prolonged lockdown in China and the convulsive energy complex dent market confidence.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 7 April 2022

Chinese players returned from the long weekend holiday with a good appetite for replenishment. Several key trading houses in the country reported having concluded a moderate to high number of transactions after conceding to discounts of CNY50-100/ton.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 6 April 2022

Trading sentiment remains sluggish across Southeast Asia amid the fasting month in key Muslim markets. It appears that South Korean suppliers are racing down to retake the market share after weeks of attracting limited buying attention due to the high competition from Chinese materials.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 4 April 2022

To further reiterate the extent of the downward pressure overseas sellers are facing in Southeast Asia, deals for South Korean and Chinese homo-PP are done at $20-30/ton below the levels observed earlier last week. Meanwhile, as the fasting month kickstart in Muslim markets, how bullish the demand outlook would be when the regional converters continue to face sluggish end-product businesses?
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 1 April 2022

In spite of the strong ethylene costs, PE sellers can no longer withstand the staring contest with the sluggish demand in Southeast Asia. Prices are being cut, still, sluggish responses. Surprisingly, demand in China is picking up. Are Chinese customers on a buying spree? Or not.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 March 2022

In related plant status news, a fire broke out at Maoming Petrochemical’s No. 2 cracker in Guangdong at 1.40 PM on 30 March 2022. It took the response team about half an hour to distinguish the blaze, but there were no injuries.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 30 March 2022

Shanghai is under lockdown. Not only that demand in China’s largest city by population is falling rapidly, but delivery in and out of the city is described as ‘near to impossible’. Customers from both local and international markets shall expect delays in shipments until the city curb the current wave of outbreaks.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 March 2022

Meanwhile, the lockdown in Pudong and Puxi areas in Shanghai has created a bottleneck on delivery, further pressuring traders here. Not only trucking is restricted, but several bonded warehouses have also suspended operations, locking up the cargoes. The condition could persist until early April.
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