Mar 26, 2025 1:47 a.m.
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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 Mar. 2025

The Asian propylene market extended its decline into a seventh consecutive week, with CFR China prices plunging by $42.5/ton since late January, as of 21 March 2025. Supply constraints in South Korea and Southeast Asia failed to offset

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 Mar. 2025

Vietnamese buyers have reported receiving new PS offers from a major Thai producer with an abrupt $60/ton increase from the previous week, a move that has drawn sharp criticism from the market. The hike comes despite a steep decline in upstream styrene costs.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 Mar. 2025

The Chinese PET bottle market halted a three-week decline as major suppliers sought to implement a modest $5-10/ton increase on export offers, citing tighter supply conditions and a stronger Yuan against the US dollar. However, the durability of this upward movement remains uncertain amid shifting demand dynamics.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 Mar. 2025

China’s local PE market remains under pressure, with LLDPE film prices extending a three-week decline to hit their lowest levels since March 2024. A combination of rising supply—driven by a wave of new startups—and persistently weak downstream demand has intensified the downturn.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 Mar. 2025

The producer’s willingness to negotiate with serious buyers signalled a proactive pricing strategy, aiming at facilitating transactions ahead of an anticipated shorter trading month in April.
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Derek Yong CommoPlas Asia Sdn Bhd

[FREE] Morning Briefing - 17 Mar. 2025

Vietnam’s homo-PP market continued its downward trajectory for a second consecutive week, weighed down by an influx of competitively priced Chinese cargoes and persistently weak domestic demand. Buyers remained cautious, curbing restocking efforts amid growing concerns over further price erosion.
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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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