Nov 21, 2024 2:29 p.m.
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Opinion Insights From Industry Experts

Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 21 November 2024

Trading activity in China’s PE import market has gained momentum, spurred by sharp price cuts over the week. LDPE offers have been particularly under pressure, with a major Thai producer slashing $75/ton off previous offers to offset burdens posed by the Yuan’s depreciation.

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Derek Yong Commoplast Asia Sdn Bhd

[FREE] Morning Briefing - 20 November 2024

Trading sentiment in the Indian PE market remained flat in the post-Diwali period, with sufficient supply across grades. According to sources, a leading domestic producer introduced an incentive scheme to encourage restocking activities, offering discounts based on purchase volumes.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 November 2024

With a major Taiwanese producer delaying the announcement of December PVC prices until next week, Asian market participants have begun discussing near-term market trends. Expectations remain divided. While Indian sources anticipate a moderate increase of $20-30/ton for December shipments
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 November 2024

The Chinese PET bottle market rebounded by CNY50-100/ton in the week ending November 15, marking its first increase since the National Day holiday. This recovery was driven by a sharp 1.4% depreciation of the Yuan against the US dollar in the first half of November
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 November 2024

The Chinese PVC market remained on a downward trend this week despite a planned 2-trillion-yuan stimulus and recent tax incentives aimed at bolstering the property sector. Spot offers for both ethylene-based and carbide-based PVC declined by CNY 50-100/ton
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 November 2024

Export offers for homo-PP from China continued to decline, as traders adopted a more aggressive pricing strategy to stimulate overseas demand. Data from CommoPlast indicates that new export offers for homo-PP yarn from several Chinese trading houses dropped by $25-30 per ton week-on-week
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 November 2024

The Northeast Asian ethylene market has gained momentum for six straight weeks, buoyed by reduced operating rates at regional naphtha crackers and a measured increase in Chinese demand. Prices have rebounded 5.5% from their September low, reaching a two-month high on 11 November.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 November 2024

In China, spot offers for PP and PE were reduced by CNY 50/ton, mirroring weakened futures markets and a declining energy sector. Meanwhile, in Southeast Asia, industry players are facing mounting challenges, including rising shipping costs, depreciating local currencies, and declining production rates among converters, all of which continue to strain market conditions.
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