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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 September 2024

In China, renewed concerns over LDPE supply have prompted buyers to return to the market for additional replenishments. Market participants are increasingly worried about a potential squeeze in spot availability next month, as domestic production disruptions coincide with reduced import arrivals.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 September 2024

An aggressive attempt to sharply increase PP and PE prices late last week has backfired for a major Indonesian trading house, as rising market resistance forced the supplier to scale back its price hike targets, highlighting the market's limited capacity to absorb substantial increases at this time.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 September 2024

The Chinese PP and PE markets began the week under pressure, grappling with a convergence of bearish influences, including a sharp drop in crude oil futures, a weakening Dalian Commodity Exchange, and a significantly larger-than-anticipated rise in local inventories.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 September 2024

The price hikes were met with resistance from Indonesian buyers. However, the trader justified the price increase, citing a rebound in demand in China and uncertainties surrounding the restart schedule of Chandra Asri Petrochemical’s plants. Market observers questioned the rationale behind such a move, given the ongoing weak end-product demand.
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Rochelle Nguyễn COMMOPLAST ASIA SDN BHD

[FREE] Morning Briefing - 30 August 2024

This development has sparked a notable improvement in trading sentiment across the Asian PVC market, with buyers moving swiftly to secure additional cargoes amid expectations of a market rebound in the coming weeks.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 August 2024

A leading domestic producer in Malaysia has announced significant reductions in PP and PE offers for September delivery, citing the ongoing price correction across Southeast Asia, a strengthened local currency, and persistently weak demand conditions.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 August 2024

Chinese buyers are showing increased acceptance of import LLDPE film cargoes, driven by a growing belief that the recent downtrend has bottomed out and that supply tightness may soon trigger a rebound.
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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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