May 15, 2024 10:58 a.m.
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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 September 2022

In China, there are still no signs of strong pre-holiday replenishment activities. The falling Dalian Commodity Exchange forced domestic sellers to step back on the spot PP and PE prices by CNY50-100/ton from the previous session, yet transactions are mediocre.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 September 2022

Exchange rates would not be an issue if local suppliers could lift offers in tandem. At the moment, increasing prices proved to be easier said than done.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 September 2022

According to industry participants, buy ideas for ethylene among Northeast Asian buyers are well below the $900/ton threshold at the moment. Looking ahead, market sources do not see many supports for the downstream sector in the final quarter of the year, hence, minimizing the risks of building stocks.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 September 2022

Zhongjing Petrochemical cuts export homo-PP offers for the second time this week, reducing $15/ton to $1075/ton FOB China term.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 September 2022

Traders have been counting on pre-holiday replenishment activities to deplete more cargoes, now looking to the export market to achieve the sales target.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 September 2022

In Southeast Asia, a Saudi Arabia producer opened October PE shipment offers with increases of $70/ton from last month to Vietnam and $40-60/ton to Indonesia citing the limited supply condition.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 September 2022

At least three Saudi Arabia producers have lifted import PE offers to China this week on the back of stronger upstream ethylene costs and reduced sales pressure.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 September 2022

Nevertheless, suppliers might continue to leverage the firming upstream costs and lower availability stemming from the reduced operating rates to keep offers firm in the near term.
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