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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 September 2024

The Chinese PP and PE markets began the week under pressure, grappling with a convergence of bearish influences, including a sharp drop in crude oil futures, a weakening Dalian Commodity Exchange, and a significantly larger-than-anticipated rise in local inventories.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 September 2024

The price hikes were met with resistance from Indonesian buyers. However, the trader justified the price increase, citing a rebound in demand in China and uncertainties surrounding the restart schedule of Chandra Asri Petrochemical’s plants. Market observers questioned the rationale behind such a move, given the ongoing weak end-product demand.

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Rochelle Nguyễn COMMOPLAST ASIA SDN BHD

[FREE] Morning Briefing - 30 August 2024

This development has sparked a notable improvement in trading sentiment across the Asian PVC market, with buyers moving swiftly to secure additional cargoes amid expectations of a market rebound in the coming weeks.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 August 2024

A leading domestic producer in Malaysia has announced significant reductions in PP and PE offers for September delivery, citing the ongoing price correction across Southeast Asia, a strengthened local currency, and persistently weak demand conditions.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 August 2024

Chinese buyers are showing increased acceptance of import LLDPE film cargoes, driven by a growing belief that the recent downtrend has bottomed out and that supply tightness may soon trigger a rebound.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 August 2024

Vietnamese buyers are particularly concerned about the potential impact of the recent start-up at the Long Son Petrochemical plant, which could increase local supply and exert additional downward pressure on prices. Market participants are closely watching the producer’s export activities to better understand the near-term outlook.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 August 2024

Following its recent restart, Vietnam’s Long Son Petrochemical has reportedly secured a significant volume of transactions for both PP and PE cargoes to China, maintaining price levels without resorting to substantial discounts.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 August 2024

In Indonesia, a couple of Asian suppliers attempted to raise import homo-PP offers by $20/ton from earlier this week, justifying the increase with the need to offset the weakened US dollar and reduced inventory pressure.
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