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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 Jan. 2025

International suppliers could potentially offset seasonal lulls in China and Southeast Asia by tapping into the Indian market, where demand for PP and PE has shown tentative signs of improvement over the past week. However, buying activity remains cautious, with Indian buyers being selective regarding grades and pricing.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 Jan. 2025

The Chinese PVC market maintained its upward trajectory this week, despite a noticeable decline in local trading sentiment driven by reduced downstream activity ahead of the Lunar New Year holiday. Key suppliers raised export offers by $15/ton compared to the previous week

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 Jan. 2025

In an interesting development, Chinese PET bottle suppliers decided to lift export offers by $5/ton at the start of the week, citing support from the stronger upstream costs and reduced inventory pressure. The audacious pricing decision was in contrast to the continued softening trend observed on the domestic front.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 Jan. 2025

Trading sentiment in the Vietnamese homo-PP market exhibited a slight improvement at the start of the week, as buyers sought competitively priced parcels ahead of the weeklong Lunar New Year holiday. A good number of transactions involving Chinese and South Korean cargoes were recorded
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 Jan. 2025

The Chinese and Southeast Asian LLDPE film markets are exhibiting divergent trends driven by contrasting regional dynamics. In China, a rising supply outlook exacerbated by the holiday lull has significantly dampened trading activity, leading to a sharp price correction in the domestic market.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 Jan. 2025

At least three Saudi Arabian producers have reported severe technical challenges at their LLDPE plants over the past week, resulting in notable reductions in February allocations to Asia. While fresh price lists from these producers for Vietnam reflect a stable trend or a modest increase of $10-20/ton compared to the previous month,
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 Jan. 2025

In an effort to assess near-term demand dynamics in the Chinese PE sector, CommoPlast surveyed 150 converters across the flexible packaging and agricultural film industries to gauge their operational plans as the Lunar New Year approaches.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 Jan. 2025

Analysts warn that the policy could intensify financial pressures on these refineries, potentially undermining their profitability and competitiveness. The ripple effects are already being felt in downstream petrochemical markets, where domestic and international stakeholders are bracing for an escalation in production costs.
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