May 26, 2026 5:16 p.m.
Sign In | Register

Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 March 2022

The surge in crude oil prices spurred expectations of a fresh round of price hikes, but not in China. Trading sentiment in this market remains sluggish, pushing Chinese sellers to the export ground. Even coal-based HDPE and LLDPE film cargoes have regularly emerged in Southeast Asia these couple of weeks, highlighting the soft demand condition in China. As a result, international suppliers, who wish to close deals in China would have to concede to large discounts. But this trend is clearly not sustainable based on the current production costs. Some sellers have totally stopped offering to China.

Title
CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 March 2022

International benchmarks for crude oil rose about 18% over the past three trading days on revived supply concerns, which also create a heavy production cost outlook for Asian naphtha-based producers. As such, buyers in the PP and PE sector, who previously decided to wait on the sideline hoping to achieve large discounts, might now be disappointed that the market might have found a floor. Despite the dwindling demand in China, suppliers are not in the position to lower prices to meet buyer's expectations.

Title
Title
CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 March 2022

The Asian PP and PE market is at a tug of war. Converters are not receiving enough orders for end-products, forcing them to slow down replenishment activities while producers are facing intensifying costs pressure, yet unable to achieve full-scale increases. Meanwhile, export and re-export cargoes from China spoilt the scene. Buyers are magnetised to these cargoes to minimise replenishment costs, further pressurising other international suppliers.
Title
CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 March 2022

Some improvements are observed in the local China PP and PE market in the past trading day after the government vowed to support growth. However, the manufacturing sector remains struggling to maintain normal operating rates amid the COVID-19 outbreak. More producers are planning to cut operating rates to counterbalance the weak demand and high naphtha costs.
Title
CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 March 2022

Following a stubborn period of following the uptrend regardless of the demand condition, local suppliers in Indonesia started to reduce spot PP and PE prices citing the cloudy outlook ahead. The question is how far could the Indonesian market, or the Southeast Asian market come down when the crude oil continue to linger around the $100/barrel mark and more producers are cutting operating rates?
Title
CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 March 2022

All eyes are on the China market at the moment. The latest outbreak has put many cities across the Eastern and Southern region in China into some kind of lockdown, curtailing demand significantly. Chinese sellers are facing increased inventory pressure despite the heavy operating rate cuts. One might suggest export. Well, it is not easy when international buyers are also gauging the impact of the drop in crude oil prices and the weak demand in China.
Title
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?
Title
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.
Previous « … 75 76 77 78 79 80 81 Next »
Daily Polyolefins Market
Weekly Overview