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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 September 2024

The Vietnamese homo-PP market demonstrated unexpected strength following the long weekend holiday. Despite the ongoing decline in global crude oil prices, spot homo-PP offers in the local market remained stable to firm, supported by an uptick in inquiries.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 September 2024

In China, renewed concerns over LDPE supply have prompted buyers to return to the market for additional replenishments. Market participants are increasingly worried about a potential squeeze in spot availability next month, as domestic production disruptions coincide with reduced import arrivals.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 September 2024

An aggressive attempt to sharply increase PP and PE prices late last week has backfired for a major Indonesian trading house, as rising market resistance forced the supplier to scale back its price hike targets, highlighting the market's limited capacity to absorb substantial increases at this time.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 September 2024

The Chinese PP and PE markets began the week under pressure, grappling with a convergence of bearish influences, including a sharp drop in crude oil futures, a weakening Dalian Commodity Exchange, and a significantly larger-than-anticipated rise in local inventories.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 September 2024

The price hikes were met with resistance from Indonesian buyers. However, the trader justified the price increase, citing a rebound in demand in China and uncertainties surrounding the restart schedule of Chandra Asri Petrochemical’s plants. Market observers questioned the rationale behind such a move, given the ongoing weak end-product demand.
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Rochelle Nguyễn COMMOPLAST ASIA SDN BHD

[FREE] Morning Briefing - 30 August 2024

This development has sparked a notable improvement in trading sentiment across the Asian PVC market, with buyers moving swiftly to secure additional cargoes amid expectations of a market rebound in the coming weeks.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 August 2024

A leading domestic producer in Malaysia has announced significant reductions in PP and PE offers for September delivery, citing the ongoing price correction across Southeast Asia, a strengthened local currency, and persistently weak demand conditions.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 August 2024

Chinese buyers are showing increased acceptance of import LLDPE film cargoes, driven by a growing belief that the recent downtrend has bottomed out and that supply tightness may soon trigger a rebound.
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