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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 October 2024

Amid a recent uptick in buying activity in China, overseas PE suppliers are signaling plans to raise November shipment offers to the Southeast Asian market. A Saudi Arabian producer indicated intentions to increase offers for LLDPE film by $30-40/ton compared to the previous month.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 October 2024

Several major international suppliers reportedly lifted import PE offers to China by $5-10/ton on HDPE film, $25/ton on LLDPE film, and $15/ton on LDPE film on the back of tighter availability and bullish expectations on the near-term demand outlook.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 October 2024

The Chinese PET bottle market continued its downward trajectory, with export offers declining steadily on a daily basis. Compared to the prior week, export offers for PET bottles dropped by $15/ton, though trading activity remained sparse.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 October 2024

The Asian PVC market is split over pricing expectations ahead of the anticipated November offers from a major Taiwanese producer. While a price hike seems plausible, driven by China's recent surge and increased shipping costs, sluggish demand in India—Asia's largest PVC importer—could limit any upward movement.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 October 2024

This surge in buying activity could potentially spill over into the Southeast Asian market, raising expectations that international suppliers may adopt a firmer pricing stance for November shipments. Nevertheless, the sustainability of this uptick remains uncertain, with key market players likely to weigh the impact of the Chinese government’s fresh economic stimulus.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 October 2024

The Chinese PVC market has demonstrated resilience, maintaining strength despite declines in the prices of other polymers. This performance is largely attributed to bullish expectations surrounding the property sector, as the government intensifies measures to support the industry.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 October 2024

The Chinese polyolefin market faced a setback on the second trading day of the week, with prices for select grades of PP, PE, and PET declining from the previous day. This downturn stemmed largely from growing buyer resistance to recent price hikes
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 October 2024

The Chinese PP and PE markets experienced a notable increase in post-holiday restocking, as buyers resumed operations after the extended break. Optimism was driven primarily by speculation surrounding potential government economic stimulus measures aimed at bolstering demand through year-end.
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