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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 July 2024

Despite a general calm in the Asian PVC market ahead of August price announcements, China saw a surge in heavy speculation. Local suppliers, leveraging reduced inventory pressures from recent production disruptions and operating rate cuts, hiked spot offers by up to CNY 200/ton from the previous week.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 July 2024

The Chinese PET bottle market experienced a downturn this week, abruptly ending a three-week period of price increases. Despite maintenance shutdowns at several key Chinese plants, weak demand has stifled any potential for a sustained upswing.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 July 2024

Asian market participants eagerly anticipate the August polyvinyl chloride (PVC) shipment offers from key regional suppliers, expected to be announced in the coming week. Due to declining shipping costs from the Far East Asia region to India and the increasing likelihood of the BIS implementation being postponed, buyers have adjusted their August outlook to a stable to softer trend.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 July 2024

While the PP sector maintained stability, the Chinese PE market continued to decline, with spot HDPE film prices falling below CNY 8,000/ton and spot LDPE film dropping by an additional CNY 250/ton from the previous week. The correction in the PE sector has yet to slow down.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 15 July 2024

During a public consultation meeting held by Indian authorities on July 11 regarding the implementation of quality control measures for PVC and PP, the government did not confirm any plans to postpone the implementation date. Officials indicated that they would continue to assess the supply-demand situation before announcing the final mandate in a month.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 July 2024

According to CommoPlast's previous report, margin erosion has compelled several Chinese PET bottle producers to reduce their term contract commitments for the third quarter, providing them greater flexibility in adjusting production rates and spot pricing. Concurrently, buyers have retreated to the sidelines following a surge in panic buying last week. The ongoing off-peak season will test the efficacy of PET producers' strategies.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 July 2024

The Chinese HDPE film market is anticipated to face sharper price reductions in the near term, according to market sources. The upcoming restarts of several local plants, which had been shut down for maintenance in recent months, are expected to enhance supply, even though overall demand shows limited signs of improvement.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 July 2024

Local traders and international suppliers are expected to soon feel the impact of these drastic price cuts. Meanwhile, buyers are likely to adopt a wait-and-see approach, withdrawing to the sidelines until the market stabilizes.
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