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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 July 2023

In statistics news, China's local production outputs continued to recover in May as plants return from scheduled maintenance work.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 July 2023

In related industry news, Vietnam’s Long Son Petrochemical (LSP) is set to welcome a shipment of 50,000 tons of naphtha, which would allow the producer to kickstart the trial production at the cracker

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 June 2023

Minor increases in local prices were reported, however, sources continued to question the sustainability of any potential rebound citing the ‘targeted and moderate’ impact governmental infrastructure projects have on the overall economy.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 June 2023

The ethylene-naphtha spread is currently calculated at $187-207/ton – way below the typical spread of $300-350/ton, meaning cracking operators are operating at squeezed margins.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 June 2023

A number of transactions had been concluded, but buyers are obviously slowing down in responding to the perceived heightening price risks – an indication that there might not be enough support for any strong rebound.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 May 2023

For the first time since May 2020, import homo-PP offers fell below the $850/ton threshold in China as the market falls under the pressure of a confluence of factors.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 30 May 2023

Thanks to the continued firming Dalian Commodity Exchange, the domestic PP and PE market in China showed signs of improvement on the first trading day of the week.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 May 2023

After two consecutive sessions of stabilising futures contracts on the Dalian Commodity Exchange, a couple of Chinese suppliers decided to introduce a firmer stance on export homo-PP offers.
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