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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 November 2024

At least two other Middle Eastern producers announced December PE shipment offers to Southeast Asia earlier this week, reflecting reductions of $10-40/ton for HDPE film and $10-30/ton for LLDPE film, depending on the specific market. These adjustments align with market expectations

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 November 2024

Several exporters targeting the Malaysian PVC market have moved ahead with December price lists despite a delay in announcements from the regional leader in Taiwan. New offers were listed at stable to slightly firmer, with Chinese PVC rising $5-20/ton to counteract the higher freight rates

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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 22 November 2024

The Chinese PET bottle market toppled after a brief upswing the previous week, plunging to the lowest point of 2024. CommoPlast indices show that offers have dropped by CNY50-150/ton as of November 22. The drop surprised market participants, some among whom had believed that the sector had hit a floor in late October
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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 21 November 2024

Trading activity in China’s PE import market has gained momentum, spurred by sharp price cuts over the week. LDPE offers have been particularly under pressure, with a major Thai producer slashing $75/ton off previous offers to offset burdens posed by the Yuan’s depreciation.
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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 20 November 2024

Trading sentiment in the Indian PE market remained flat in the post-Diwali period, with sufficient supply across grades. According to sources, a leading domestic producer introduced an incentive scheme to encourage restocking activities, offering discounts based on purchase volumes.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 November 2024

With a major Taiwanese producer delaying the announcement of December PVC prices until next week, Asian market participants have begun discussing near-term market trends. Expectations remain divided. While Indian sources anticipate a moderate increase of $20-30/ton for December shipments
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 November 2024

The Chinese PET bottle market rebounded by CNY50-100/ton in the week ending November 15, marking its first increase since the National Day holiday. This recovery was driven by a sharp 1.4% depreciation of the Yuan against the US dollar in the first half of November
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 November 2024

The Chinese PVC market remained on a downward trend this week despite a planned 2-trillion-yuan stimulus and recent tax incentives aimed at bolstering the property sector. Spot offers for both ethylene-based and carbide-based PVC declined by CNY 50-100/ton
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