May 28, 2022 4:09 p.m.
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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 26 May 2022

Earlier this week, a major Saudi Arabia producer slashed import LLDPE film offers to China by $70/ton, causing a lot of ‘wow’ across the region. Well, more ‘wow’ by the second half of the week as the same producer put up another $30/ton discount, totalling the reductions to $100/ton week-on-week

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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 24 May 2022

Another burning question Asian market participants are pondering is whether the ethylene costs are nearing the bottom after shedding more than $250/ton in a span of six weeks since the peak?

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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 23 May 2022

A week after the Chinese government announced the reopening plans for Shanghai, the local PP and PE market here showed little changes. Buyers remain less than enthusiastic about making replenishment even after the Nanjing municipal government distributed consumption vouchers
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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 20 May 2022

After more than two months of tracking a stifling down trend, the Vietnamese homo-PP market might have found the bottom as customers decided it is time for restocking.
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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 18 May 2022

In Southeast Asia, buyers are well aware of the possibility that the import homo-PP market might be nearing the bottom, but it doesn’t stop the customers from pressing for further price cuts.
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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 16 May 2022

The Southeast Asian PP and PE market did not respond positively to the surging energy complex. Lacking end-product orders due to weak consumption encouraged manufacturers to adopt a cautious stance when it comes to restockings.
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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 10 May 2022

The Indonesian PP and PE market remains calm on the first day returning to work following the long holiday break. Key local suppliers keep spot offers largely unchanged from the pre-holiday period in a strategic move to gauge the market reaction amid the softening regional market in the background.
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CommoPlast CommoPlast Asia Sdn Bhd

Morning Briefing - 9 May 2022

As reported earlier, overseas sellers prefer to divert cargoes to other destinations for better profit margins while only allocating the minimum quantity to China to regular customers.
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