Jun 17, 2025 3:28 a.m.
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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 Mar. 2025

In Southern China, weak sentiment in the spot market has prompted traders to explore forward selling, with shipments offered as far ahead as September. However, even discounts of CNY 100/ton ($14/ton) have failed to stimulate buying interest, reflecting deep-seated market hesitation.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 Mar. 2025

According to data from CommoPlast, average spot LDPE film prices on an EXW China basis declined by CNY 200/ton ($28/ton). Cargoes positioned at the upper end of the price range encountered the most resistance, reflecting a market increasingly wary of inflated valuations.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 Mar. 2025

As March transactions concluded, Asian PVC market participants maintained a cautious outlook, with April pricing trends expected to remain subdued. Industry sources indicate a lack of optimism amid ongoing market uncertainties.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 Mar. 2025

China’s export homo-PP market opened the week on a mixed note, reflecting ongoing volatility in global trading conditions. Two producers raised offers by $5/ton, citing the Yuan’s 0.5% appreciation against the US dollar within a week.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 Mar. 2025

An international producer has raised its LLDPE film offers from multiple plant locations to China by $15/ton from the previous week, citing tightening global supply. Market participants also reported significant delays in US-origin shipments, with some cargoes facing cancellations.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 Mar. 2025

Despite multiple supporting factors—including a weakened local currency and reduced supply from key exporters such as South Korea and Saudi Arabia—Vietnam’s domestic homo-PP market, particularly in the Northern region, faced a notable decline toward the end of the week.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 Mar. 2025

China has called on domestic refineries to scale back fuel production and ramp up petrochemical output, aligning with the energy sector’s evolving landscape. The directive, issued during the third session of the 14th National People’s Congress (NPC), reflected the rapid expansion of electric vehicles (EVs), which has reshaped domestic consumption patterns for diesel and gasoline.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 Mar. 2025

Defying the stable pricing trend set by other exporters earlier in the week, a major Chinese PP producer reversed course, cutting homo-PP export offers by $8/ton. This move erased all gains recorded in the previous week, underscoring the volatility in China’s export market.
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