CommoPlast | Opinions

[FREE] Morning Briefing - 12 January 2023

The Strengthening Chinese Yuan that makes imports more competitive coupled with the tightening supply outlook stemming from various strategic shutdowns continue to encourage buyers to proceed with new purchases regardless of the uncertain demand outlook.

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 January 2023

The sweeping buying activities left at least three Middle Eastern producers out of allocations just hours after the new price announcement. Some buyers even turned to USA cargoes, which might only arrive in May.

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 9 January 2023

In addition, Chinese traders have been accelerating the effort to tackle the firming trend in other markets within Asia. A good number of export and re-export offers were observed in the range of $1010-1030/ton FOB China.

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 5 January 2023

While the import homo-PP market in Southeast Asia remains on a stable to firmer trend, responses in each market underline diverged demand conditions.

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 4 January 2023

Besides the concerns over the rising stock levels throughout the long holiday, the rising number of COVID-19 infection cases continues to cast shadows on the near-term demand outlook