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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 June 2022

While key PP and LLDPE contracts on Dalian Commodity Exchange extended the bear run to the tenth consecutive day, trading sentiment in the domestic ground shows signs of improvement. Apparently, buyers here are more interested in spot homo-PP and HDPE than LLDPE film at the moment.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 June 2022

An explosion that occurred at Sinopec Shanghai Petrochemical last Saturday that forced the company to take several PP and PE units offline does not seem to have any impact on the domestic spot PP and PE market in China.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 June 2022

Asides from the satisfactory sales results, the reductions mark the seventh consecutive days of decline that started to cause concerns among small to medium-scale traders as warehouses in the Southern region reach capacities.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 June 2022

Last week, one of US major retail chains – Target said the company would mark down unwanted items, cancel purchase orders, and move quickly to get rid of excess inventory. Other retailers, including Walmart and Home Depot, are facing similar issues.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 June 2022

The rapid falling naphtha costs ease costs pressure on the Asian naphtha cracking operators, but would it be enough to encourage higher operating rates when the downstream demand continues to dwindle?
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 9 June 2022

Overseas suppliers started to introduce larger increases on import homo-PP offers to Vietnam this week with Thailand and Indian cargoes jumping $40/ton while Russian parcels gain $30/ton from the previous week.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 8 June 2022

Trading activities in the domestic PP and PE market in China remain mediocre despite both Shanghai and Beijing continuing to ease the COVID-19 containment measures. Growingly, market participants lose hope for a ‘V-shape’ rebound.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 7 June 2022

In related industry news, the first freight train carrying various goods including 900 tons of PVC from Chongqing Tuanjie Central Station in China has arrived at the Yen Vien Station, in Ha Noi, Vietnam, kick-starting the “Railway Express” method for customs clearance between the two countries.
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