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Opinion Insights From Industry Experts

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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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 November 2024

Malaysia’s domestic PP and PE prices saw a significant hike, as revealed in a major producer’s price list for November. The offers announced were RM 300-350/ton ($69 – 80/ton) higher than the previous month’s levels. This increase was driven primarily by a weakening exchange rate and stronger trading in neighboring markets, rather than the strength of the local market.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 01 November 2024

The Chinese polypropylene (PP) market is poised for a substantial supply increase as eight new plants, with a combined annual capacity of 4.5 million tons, are slated to come online. Six of these facilities are expected to start operations by year-end, with the remaining two beginning in early 2025.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 October 2024

Looking ahead, rising shipping costs are likely to further pressure export demand for Chinese PET bottles, particularly amid the seasonal slowdown. However, market participants are closely watching the National People’s Congress from November 4-8 for any signs of new economic stimulus from the government.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 29 October 2024

As of October 29, the Indonesian Rupiah has fallen 3.74% against the dollar since the start of the month. Meanwhile, inflationary pressures have place limits on consumers’ purchasing capacity, reducing their demand for end products.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 October 2024

The conservative pricing strategy suggests that Chinese suppliers are deliberately adopting a conservative pricing strategy, likely aimed at accelerating inventory clearance before the month-end.
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