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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 Dec. 2024

Several market participants reported that their respective banks provided guidance projecting further depreciation of the Dong against the US dollar. A weaker local currency typically drives up import costs, exerting upward pressure on domestic prices.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 December 2024

The Chinese PET market has shown signs of stability, following efforts by producers to arrest a further slide into new 2024 lows. These initiatives, aided by a modest recovery in crude oil prices and planned maintenance shutdowns at two local PET plants, have kept spot offers from slipping

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 December 2024

Import activity in Indonesia's PP block copolymer market has slowed significantly as importers grapple with increasing time risks. The approaching expiration of import quotas on 31 December has deterred buyers from placing orders that are unlikely to arrive before the deadline, resulting in the cancellation of several shipments.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 December 2024

While this might seem like a grim development, it has sparked an unexpected wave of buying activity. Many purchasers seized the opportunity to restock at bargain prices, fueling a surge in transactions. Despite the brisk sales, Chinese PVC producers have held off on raising their offers.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 December 2024

Although no official explanation was provided for the supply drop, market speculation pointed to potential production issues at the producer's facility. Reports indicate that spot LLDPE film in the distribution market is now priced at IDR 390,000/ton higher than the producer's official price list.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 2 December 2024

Trading activities in the Chinese export PP market experienced an unexpected downturn due to heightened shipping costs. The $13-15/ton increase in freight rates over the past week eroded interest notably from Southeast Asia, where limitations in supply had initially driven a wave of demand for Chinese material.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 November 2024

The Chinese PET bottle market declined by CNY 100/ton in the week ending November 29, reaching a new low for 2024 for the second consecutive week. This latest drop was driven by a downturn on the Zhengzhou Commodity Exchange, where falling crude oil prices erased the mid-week rebound seen the previous week.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 November 2024

At least two major Saudi producers concluded December PE shipment in Vietnam with $30-40/ton reductions from the initial offers. While concessions had initially been expected, market participants were surprised at the steepness of the cuts—especially for the LLDPE grade.
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