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Opinion Insights From Industry Experts

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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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 November 2024

However, the absence of a significant economic stimulus from the Chinese government has left Asia's PP and PE markets facing renewed concerns. Market participants warn of a possible downward trend driven by a lack of aggressive growth policies.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 08 November 2024

The local Indian PVC market turned firmer following provisional announcements of anti-dumping duties on producers from seven countries. Leveraging the potential supply tightness, a leading domestic producer raised prices by INR ...
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 November 2024

The Chinese PVC market continued to soften this week, though the pace of decline has moderated, with spot offers down by only CNY 50/ton from the previous week. Industry sources indicate that local producers may consider halting production if prices fall below the critical CNY 5000/ton threshold.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 November 2024

Despite the significant implications of these proposed duties, market response has remained relatively subdued, with no evidence of panic buying. Some industry participants speculated on a potential delay in duty implementation, though confidence in the market remains tentative.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 November 2024

In China, sluggish trading conditions have forced PP suppliers to reduce export prices by $10-15/ton from the previous week. However, escalating shipping costs to major export markets have continued to undercut the competitiveness of these cargoes, resulting in tepid buyer interest.
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