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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 June 2024

The Northeast Asian ethylene market is now at the level last seen in mid-September 2023 after constantly tracking the downtrend since late February this year. The recent rebound in the downstream PE and PVC sectors seemed to have little support for the ethylene market here.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 June 2024

The Chinese PP and PE market resumed trading following the long weekend holiday on a soft note as buyers took time to assess the near-term outlook before jumping into action. Local inventories soared by 75,000 tons throughout the three-day break.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 June 2024

Prior to the long weekend holiday, Chinese market participants were not too concerned about the PE sector citing the limited supply condition. On the other hand, the PP market here faced dimming confidence.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 June 2024

China will be off for the Dragon Boat Festival on Monday, 10 June, and the rebounded energy complex and the Dalian Commodity Exchange encouraged some pre-holiday replenishments.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 June 2024

In Vietnam, a Saudi Arabian producer’s decision to set final PE prices above the initial offers for June shipment in late May did not yield the desired sales results. The maker reportedly down-adjusted their prices this week
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 June 2024

In the PVC market, at least one Taiwanese producer has expressed selling ideas for July shipment offers with a $70 – 80/ton hike compared to June citing the drastic surge in shipping costs and tighter availability.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 June 2024

The four consecutive declining sessions in the oil market dent confidence among Asian market participants in the petrochemical sector.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 May 2024

In China, after a downbeat week, the PP and PE market improved sharply on Monday, characterised by the improved acceptance of higher prices. A good number of deals for both PP and PE were reported on the local front.
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