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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 May 2022

After more than two months of tracking a stifling down trend, the Vietnamese homo-PP market might have found the bottom as customers decided it is time for restocking.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 May 2022

In Southeast Asia, buyers are well aware of the possibility that the import homo-PP market might be nearing the bottom, but it doesn’t stop the customers from pressing for further price cuts.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 May 2022

The Southeast Asian PP and PE market did not respond positively to the surging energy complex. Lacking end-product orders due to weak consumption encouraged manufacturers to adopt a cautious stance when it comes to restockings.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 May 2022

The Indonesian PP and PE market remains calm on the first day returning to work following the long holiday break. Key local suppliers keep spot offers largely unchanged from the pre-holiday period in a strategic move to gauge the market reaction amid the softening regional market in the background.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 9 May 2022

As reported earlier, overseas sellers prefer to divert cargoes to other destinations for better profit margins while only allocating the minimum quantity to China to regular customers.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 6 May 2022

The Southeast Asian market remains largely calm as a large of Malaysian and Indonesian customers are still away for the Eid Mubarak holidays. Meanwhile, the downtrend persists in Vietnam with deals for import homo-PP yarn and injection from Thailand and South Korea concluded with discounts.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 April 2022

In China, the much-awaited pre-holiday replenishment activities might not be taking place as expected. Chinese market participants are wary of the spreading infection cases in Beijing and prefer to focus on the delivery of the previously purchased cargoes to avoid another potential logistic constraint.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 April 2022

Chinese PP sellers seem less active in the export ground, especially in Southeast Asia, where offers for South Korean materials are coming down rapidly, overshadowing other cargoes. Some Chinese sellers stepped back on the export offers by $10-15/ton to $1270-1275/ton for yarn grade, FOB China to reflect the weak demand and softer local market, but overseas buyers did not respond positively.
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