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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 July 2024

Following protracted and cutthroat negotiations, a major Saudi Arabian producer has slashed August PE shipment prices to Vietnam by $60/ton for HDPE film and $40/ton for LLDPE and LDPE film from the initial prices announced last week.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 30 July 2024

The downtrend in the Chinese PE market persisted, with at least three major international suppliers down-adjusting import LLDPE film offers to China. However, no immediate deals were reported as negotiations remained fierce.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 July 2024

At least another Saudi Arabian producer conceded to a $70/ton reduction on spot LDPE film offers to China, yet, buyers showed no real interest in proceeding with purchases.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 July 2024

International producers may be compelled to reduce operating rates or even shut down if the downtrend continues to avoid severe margin erosion. The upstream ethylene market, with current costs at $925/ton CFR Southeast Asia, suggests that HDPE film should theoretically be priced at $1075/ton when factoring in $150/ton conversion costs.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 July 2024

Key Middle Eastern producers have announced August PE shipment offers to Southeast Asia, with the latest price lists indicating a stable trend to $20-40/ton softer compared to July. This adjustment underscores ongoing market fragility and intensifying competition.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 July 2024

Despite a general calm in the Asian PVC market ahead of August price announcements, China saw a surge in heavy speculation. Local suppliers, leveraging reduced inventory pressures from recent production disruptions and operating rate cuts, hiked spot offers by up to CNY 200/ton from the previous week.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 July 2024

The Chinese PET bottle market experienced a downturn this week, abruptly ending a three-week period of price increases. Despite maintenance shutdowns at several key Chinese plants, weak demand has stifled any potential for a sustained upswing.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 July 2024

Asian market participants eagerly anticipate the August polyvinyl chloride (PVC) shipment offers from key regional suppliers, expected to be announced in the coming week. Due to declining shipping costs from the Far East Asia region to India and the increasing likelihood of the BIS implementation being postponed, buyers have adjusted their August outlook to a stable to softer trend.
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