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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 08 October 2024

Although local traders have not yet reacted to the latest price list issued by the producer, market sources suggest that significant upward pressure is building due to the weakening exchange rate, rising crude oil prices, and growing bullish sentiment in China.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 October 2024

Trading sentiment in the Southeast Asian PP and PE market improved visibly on the final trading day of last week, 4 October 2024 as buyers rushed to secure additional cargoes after the crude oil market jumped more than 5% in a single day.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 October 2024

While further price hikes are anticipated, the sustainability of this upward trend remains uncertain and is likely contingent on whether the Chinese government implements additional economic stimulus measures within October.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 October 2024

The Southeast Asian PP and PE market exhibited subdued trading activity, largely attributed to the absence of key suppliers from China and South Korea. Ongoing discussions are centered on the anticipated pricing trends for the coming week, with market participants showing a growing acceptance of a potential price firming.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 01 October 2024

The PVC market in China experienced a sharp rebound after a steep decline that had pushed prices to levels not seen since the first pandemic lockdown in April 2020. Although actual demand from the key pipe sector remains sluggish, the market has been buoyed by optimism surrounding the government's initiatives to support the property sector.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 September 2024

The Southeast Asian PP and PE markets remained largely unaffected by the increased buying sentiment in the nearby Chinese market. Several deals for South Korean homo-PP were finalized in Vietnam with discounts of $20-30/ton from the initial price list, while two Middle Eastern suppliers set final prices for October PE shipments with only slight reductions.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 September 2024

Following a fleet of new offers announcement for October shipment earlier this week, several key international suppliers started setting final PE prices to Southeast Asia, mostly with modest discounts or no adjustments at all from the initial price lists.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 September 2024

Meanwhile, there have not been any major movements in the Southeast Asian PP market. Buyers here remained wary of a potential influx of Chinese PP materials following the Golden Week holiday, yet, Chinese sellers are reluctant to aggressively cut prices.
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