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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 October 2024

Midweek trading sentiment in China's PP, HDPE, and LLDPE markets improved, supported by a rebound in futures contracts on the Dalian Commodity Exchange. Despite this recovery, demand for LDPE film remained lackluster, even after a fresh price reduction of CNY 50-100/ton.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 October 2024

The Chinese PET bottle market experienced an intensified price correction this week, with export offers declining by an additional $35-40/ton compared to the previous week. This drop has brought export prices back near pre-holiday levels, undoing earlier gains.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 October 2024

In stark contrast to the firming trend in the import market across China and Southeast Asia, the PE market in India continues to dwindle ahead of the Diwali Festival, raising concerns about the strength of local demand. A major local producer has responded with a fresh discount scheme
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 October 2024

Amid a recent uptick in buying activity in China, overseas PE suppliers are signaling plans to raise November shipment offers to the Southeast Asian market. A Saudi Arabian producer indicated intentions to increase offers for LLDPE film by $30-40/ton compared to the previous month.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 October 2024

Several major international suppliers reportedly lifted import PE offers to China by $5-10/ton on HDPE film, $25/ton on LLDPE film, and $15/ton on LDPE film on the back of tighter availability and bullish expectations on the near-term demand outlook.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 October 2024

The Chinese PET bottle market continued its downward trajectory, with export offers declining steadily on a daily basis. Compared to the prior week, export offers for PET bottles dropped by $15/ton, though trading activity remained sparse.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 October 2024

The Asian PVC market is split over pricing expectations ahead of the anticipated November offers from a major Taiwanese producer. While a price hike seems plausible, driven by China's recent surge and increased shipping costs, sluggish demand in India—Asia's largest PVC importer—could limit any upward movement.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 October 2024

This surge in buying activity could potentially spill over into the Southeast Asian market, raising expectations that international suppliers may adopt a firmer pricing stance for November shipments. Nevertheless, the sustainability of this uptick remains uncertain, with key market players likely to weigh the impact of the Chinese government’s fresh economic stimulus.
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