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Opinion Insights From Industry Experts

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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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 August 2024

Vietnamese buyers are particularly concerned about the potential impact of the recent start-up at the Long Son Petrochemical plant, which could increase local supply and exert additional downward pressure on prices. Market participants are closely watching the producer’s export activities to better understand the near-term outlook.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 August 2024

Following its recent restart, Vietnam’s Long Son Petrochemical has reportedly secured a significant volume of transactions for both PP and PE cargoes to China, maintaining price levels without resorting to substantial discounts.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 August 2024

In Indonesia, a couple of Asian suppliers attempted to raise import homo-PP offers by $20/ton from earlier this week, justifying the increase with the need to offset the weakened US dollar and reduced inventory pressure.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 August 2024

The Asian ethylene market surged to its highest levels since early May 2024 this week, as regional spot availability sharply declined due to a series of production disruptions in Far East Asia and diminished supply from the US.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 August 2024

Over the past week, the Rupiah appreciated by about 5% against the US dollar, driven by expectations of the Federal Reserve lowering key interest rates in September. A stronger local currency typically leads to a drop in commodity prices traded in that currency.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 August 2024

The Chinese PVC market plummeted further this week, with prices nearing the historical lows observed during the initial pandemic lockdown in April 2020. The local market's weakness enabled Chinese suppliers to slash export offers significantly. Combined with falling shipping costs, this attracted substantial interest from Indian buyers.
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