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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 August 2024

Vietnamese buyers are particularly concerned about the potential impact of the recent start-up at the Long Son Petrochemical plant, which could increase local supply and exert additional downward pressure on prices. Market participants are closely watching the producer’s export activities to better understand the near-term outlook.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 August 2024

Following its recent restart, Vietnam’s Long Son Petrochemical has reportedly secured a significant volume of transactions for both PP and PE cargoes to China, maintaining price levels without resorting to substantial discounts.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 August 2024

In Indonesia, a couple of Asian suppliers attempted to raise import homo-PP offers by $20/ton from earlier this week, justifying the increase with the need to offset the weakened US dollar and reduced inventory pressure.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 August 2024

The Asian ethylene market surged to its highest levels since early May 2024 this week, as regional spot availability sharply declined due to a series of production disruptions in Far East Asia and diminished supply from the US.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 August 2024

Over the past week, the Rupiah appreciated by about 5% against the US dollar, driven by expectations of the Federal Reserve lowering key interest rates in September. A stronger local currency typically leads to a drop in commodity prices traded in that currency.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 August 2024

The Chinese PVC market plummeted further this week, with prices nearing the historical lows observed during the initial pandemic lockdown in April 2020. The local market's weakness enabled Chinese suppliers to slash export offers significantly. Combined with falling shipping costs, this attracted substantial interest from Indian buyers.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 August 2024

A major Malaysian producer opened September PE shipment offers to Vietnam with reductions of $60/ton on LDPE and $20/ton on HDPE compared to the previous month. The adjustment reflected the persistent weakness in demand across Southeast Asia, yet, the latest offers were nowhere near attractive to Vietnamese customers.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 August 2024

In fact, at least two distribution channels reported to have sold out all available Qatari LLDPE film cargoes on the previous day after opening the offers at stable to $5/ton higher, highlighting the acceptance among buyers.
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