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Opinion Insights From Industry Experts

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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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 2 March 2022

Trading sentiment across Southeast Asia turned sluggish on the first day of the week to the extent some sources said that buyers do not seem to respond to the threats from the Russia-Ukraine war. Meanwhile, Vietnamese buyers are rushing to cancel orders for previously purchased Russian cargoes amid heightening international sanctions on Russia.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 1 March 2021

The Asian PP remain on a stable note, though market sources do not expect major changes in terms of prices considering the comfortable supply conditions. On the other hand, the regional PE market is rising rapidly on tightening supply outlook.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 February 2022

The Asian ethylene market weakened on falling demand while the surging crude oil market continue to fuel a rebound on both PP and PE sectors. Buyers are on the wait-and-see for a clearer impact of the Russia-Ukraine war. Chinese PP sellers might not keep their eyes off the export market in the near term.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] China homo-PP Market in Review - June 2020

China recorded a historically high level of import PP arrival during the month of May 2020 as a result of aggressive purchasing activities right after the country eases the nationwide lockdown that aimed to contain the COVID-19 outbreak.
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