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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 December 2024

Indonesian buyers of homo-PP have exhibited limited urgency in replenishing stocks, despite the typically higher demand expected ahead of Ramadan. This cautious approach stems from multiple factors: sluggish downstream demand, sufficient existing inventories, concerns about a potential influx of Chinese materials once shipping costs stabilize, and fluctuating exchange rates.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 December 2024

Chinese PVC suppliers reduced export prices for carbide-based PVC by $5/ton at the start of the week, pushing prices to an unprecedented low. This decline was attributed to weakness in the Dalian Commodity Exchange and uncertainties surrounding the final outcome of India's anti-dumping investigation.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 09 Dec. 2024

Several market participants reported that their respective banks provided guidance projecting further depreciation of the Dong against the US dollar. A weaker local currency typically drives up import costs, exerting upward pressure on domestic prices.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 December 2024

The Chinese PET market has shown signs of stability, following efforts by producers to arrest a further slide into new 2024 lows. These initiatives, aided by a modest recovery in crude oil prices and planned maintenance shutdowns at two local PET plants, have kept spot offers from slipping
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 December 2024

Import activity in Indonesia's PP block copolymer market has slowed significantly as importers grapple with increasing time risks. The approaching expiration of import quotas on 31 December has deterred buyers from placing orders that are unlikely to arrive before the deadline, resulting in the cancellation of several shipments.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 December 2024

While this might seem like a grim development, it has sparked an unexpected wave of buying activity. Many purchasers seized the opportunity to restock at bargain prices, fueling a surge in transactions. Despite the brisk sales, Chinese PVC producers have held off on raising their offers.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 December 2024

Although no official explanation was provided for the supply drop, market speculation pointed to potential production issues at the producer's facility. Reports indicate that spot LLDPE film in the distribution market is now priced at IDR 390,000/ton higher than the producer's official price list.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 2 December 2024

Trading activities in the Chinese export PP market experienced an unexpected downturn due to heightened shipping costs. The $13-15/ton increase in freight rates over the past week eroded interest notably from Southeast Asia, where limitations in supply had initially driven a wave of demand for Chinese material.
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