May 05, 2025 4:57 p.m.
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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 March 2022

The worsening COVID-19 outbreak coupled with the falling crude oil prices started to cast a negative impact on the general market sentiment across the Asia region. It is expected that trading activities in the domestic China market would remain sluggish in the next one to two weeks as more cities go under lockdown. As such, would Chinese sellers adopt a more aggressive stance in pushing PP and PVC cargoes to the export ground, especially when local stocks are piling up?

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 March 2022

The worsening COVID-19 outbreak in China threatens the near-term demand outlook as the government started to lockdown cities to break the infection chains. Regional players prefer to wait on the sidelines amid the highly fluctuating market, especially with the recent drop in crude oil prices that started to impact the downstream naphtha costs. More producers are planning to lower operating rates at their steam crackers due to negative profit margins.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 March 2022

As OPEC+ member - the United Arab Emirates called on other producers to increase production outputs and Ukraine said it is ready to resolve the war with Russia by diplomacy, the crude oil market nosedived. Players are waiting to see the impact on the petrochemical market. In the meantime, Asian naphtha-based producers are under tremendous costs pressure and the choices are clear: lifting selling prices or cutting operating rates substantially.
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CommoPlast CommoPlast Asia SDN BHD

[FREE] Morning Briefing - 9 March 2022

The uptrend in the Asian polyolefin market is very much anticipated looking at the skyrocketing upstream crude oil and monomers prices. However, buyers are not ready to accept either PP or PE above the $1500/ton threshold, which was signified by the price cuts from a key Saudi Arabia producer. Meanwhile, movement in the PVC market has been limited compared to PP and PE, and players are anxiously waiting for the new price announcement from a key Taiwanese maker.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 8 March 2022

International benchmarks for crude oil continues to march higher on the first trading day of the week, putting petrochemical suppliers under intensifying cost pressure. Producers are implementing various strategies to protect their bottom lines, from lifting prices sharply to reducing contract allocation, to suspending all offerings. Manufacturers are just not ready to follow the hikes given the still sluggish end-product businesses.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 7 March 2022

The international benchmarks for crude oil rose more than 20% throughout the previous week on the Russia-Ukraine war that triggered hefty sanctions on Russia while the US and the EU are looking to ban Russian oil and gas could tighten the already jittery market even further. The blow on the global economy is expected to be severe. Could China's proactive stance in boosting growth support the petrochemical market?
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 4 March 2022

Both PP and PE markets in Southeast Asia are on the firming trend, however, it appears that supports for sharp increases in the PE sector are much stronger. Opinions are that Middle Eastern LLDPE film might reach the $1500/ton threshold in a matter of weeks while higher homo-PP offers might attract thinner buying interest given the fact that customers have already replenished the needed quantities previously.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 3 March 2022

As crude oil surged above the $110/barrel that push naphtha prices above the $1000/ton threshold for the first time since CommoPlast started tracking the market in 2014, naphtha cracking operators are facing serious margin erosion. Further operating rates cuts are expected across the supply chain as rampaging inflation hurt actual consumptions.
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