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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 January 2025

At least two major Middle Eastern producers have opened import PE offers to China with reductions, ranging between $5/ton to $30/ton compared to the previous price announcement. The downswing was expected, market sources said, considering a confluence of bearish factors

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 08 Jan. 2024

Amid the steadily declining futures contracts on the Dalian Commodity Exchange, Chinese market participants saw buyers start returning to make pre-Lunar New Year replenishments. Although most transactions were restricted to PP, in small quantities, sources expressed cautious optimism over the near-term demand outlook.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 Jan. 2025

In India, reports of increased purchasing activity for LDPE emerged at the start of the week, primarily driven by restocking efforts in anticipation of constrained local availability. The anticipated supply tightness is linked to scheduled maintenance at a domestic production facility, which has temporarily bolstered market sentiment.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 Jan. 2025

The Chinese PET export and domestic markets began the year with unexpected firmness, with suppliers citing low inventories and an upturn in the crude and futures segments as justification for the hikes. This move caught market players off guard, as a series of bearish factors
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 Jan. 2025

China's LDPE market has slipped for five consecutive weeks, falling below the critical CNY10,000/ton threshold due to sluggish demand conditions. Market sources expected the current downtrend to persist throughout January, with local supply set to improve further, in line with the arrival of previously purchased parcels and new plants starting up.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 December 2024

In a decision broadly anticipated by market stakeholders, the Indian government has announced a six-month postponement of the Quality Control Order (QCO) for PP and PVC, marking the second deferral since the initiative's inception. The revised implementation date for the mandate is now set for June 24, 2025.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 December 2024

Of the six newly constructed PP plants in China initially slated to begin operations between November and December 2024, only two—Inner Mongolia Baofeng III and Shandong Yulong Petrochemical—have commenced trial production. However, as of December 22, 2024, both plants have yet to achieve on-spec grades.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 December 2024

Sentiment in China's local homo-PP market has softened amid reports of three new startups scheduled for December and early January. These facilities, operated by Sinopec Ineos (Tianjin), Shandong Jincheng Petrochemical, and Lihua Yiweiyuan Chemical, will collectively add an annual capacity of 850,000 tons to the market.
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