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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 November 2022

While the local PP market in Indonesia rebounded this week, the PE market here continues to gallop lower and toward the end of the week, traders become even more aggressive in offering discounts on spot HDPE film cargoes.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 November 2022

Players cited the changes in the market situation (particularly the worsening COVID-19 outbreak) and the renewed depreciation of the Yuan as reasons for being more cautious.

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CommoPlast CommoPlast Asian Sdn Bhd

[FREE] Morning Briefing - 23 November 2022

Meanwhile, propane contract prices for December are expected to rise. As a result, all PP plant using propane gas will have to increase selling prices to cover the costs.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 November 2022

A key Taiwanese producer opened December PVC offers with additional reductions to Asian market, marking the eighth consecutive month of declines.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 November 2022

Regardless of the firming trend in the import market, the local Indonesian homo-PP market extended the weakening trend last week, with yarn and injection prices breached below the IDR 16,000,000/ton threshold ($1000/ton) for the first time since September 2020.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 November 2022

The good news is, in the span of 10 active trading days, many Asian PP suppliers managed to deplete a good number of cargoes to China, reducing inventory pressure substantially.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 November 2022

Sources expected international sellers to divert more allocation to China this month given the persistently sluggish purchasing interest in the nearby Southeast Asia market.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 November 2022

Obviously, with historically high production outputs, domestic availability for PP, PE, and PVC seems rather comfortable which has been pressurising spot prices in this market until recently.
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