Apr 16, 2025 10:55 p.m.
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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 Mar. 2025

Despite multiple supporting factors—including a weakened local currency and reduced supply from key exporters such as South Korea and Saudi Arabia—Vietnam’s domestic homo-PP market, particularly in the Northern region, faced a notable decline toward the end of the week.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 Mar. 2025

China has called on domestic refineries to scale back fuel production and ramp up petrochemical output, aligning with the energy sector’s evolving landscape. The directive, issued during the third session of the 14th National People’s Congress (NPC), reflected the rapid expansion of electric vehicles (EVs), which has reshaped domestic consumption patterns for diesel and gasoline.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 Mar. 2025

Defying the stable pricing trend set by other exporters earlier in the week, a major Chinese PP producer reversed course, cutting homo-PP export offers by $8/ton. This move erased all gains recorded in the previous week, underscoring the volatility in China’s export market.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 Mar. 2025

The Indonesian PET bottle market exhibited a stable-to-softer trend at the start of the week, despite steady demand from the food and beverage sector and the continued depreciation of the Rupiah against the US dollar. While locally produced materials remained unchanged
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 Mar. 2025

An Indonesian producer has raised spot PP and PE offers by IDR 330,000/ton ($20/ton) across nearly all grades, responding swiftly to the sharp depreciation of the Rupiah against the US dollar. According to Oanda data, the currency has weakened to IDR 16,465 per US dollar, reflecting a 1.3% decline over just three days.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 28 Feb. 2025

The brief rally in China’s PP and PE markets last week proved short-lived, as spot offers for most grades remained stagnant. Market sentiment continued to be weighed down by a sluggish Dalian Commodity Exchange and month-end destocking efforts.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 Feb. 2025

China’s export PET bottle market has lost momentum after a two-week uptrend, as demand weakens with key Muslim markets entering the Ramadan season. Prices have eased by $10–20/ton from the previous week, bringing the market floor below $800/ton FOB China.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 Feb. 2025

Export offers for homo-PP from China have shown significant divergence since the beginning of the week, reflecting contrasting market strategies among producers. While some suppliers are actively lowering prices to accelerate sales, others are testing market resistance with higher offers.
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