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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 9 June 2022

Overseas suppliers started to introduce larger increases on import homo-PP offers to Vietnam this week with Thailand and Indian cargoes jumping $40/ton while Russian parcels gain $30/ton from the previous week.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 8 June 2022

Trading activities in the domestic PP and PE market in China remain mediocre despite both Shanghai and Beijing continuing to ease the COVID-19 containment measures. Growingly, market participants lose hope for a ‘V-shape’ rebound.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 7 June 2022

In related industry news, the first freight train carrying various goods including 900 tons of PVC from Chongqing Tuanjie Central Station in China has arrived at the Yen Vien Station, in Ha Noi, Vietnam, kick-starting the “Railway Express” method for customs clearance between the two countries.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 6 June 2022

Manufacturers are reluctant to chase after higher price parcels claiming the weak end-product demand, which raises the question of the sustainability of the current uptrend.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 1 June 2022

Chinese suppliers started to latch on to the positive sentiment associated with the Shanghai reopening and the multi trillion Yuan stimulus package. However, the cautious stance remains in place, reflected in the mediocre increases in both futures and spot markets this week.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 May 2022

Malaysian customers reportedly received fresh June PP and PE offers from a key local producer with sharp reductions from the previous month, which is very much in line with the market expectations, considering the persistent downtrend in the import ground.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 31 May 2022

Shanghai is set to reopen on 1 June following two months of strict lockdown and the municipal government has also announced various economic support measures to spur growth including an unconditional resumption of the manufacturing sector, accelerating approval of construction projects, and tax rebates. However, traders just don’t immediately buy into the good news.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 30 May 2022

After breaching below the $1200/ton threshold, the Vietnamese homo-PP market started to show signs of a rebound. On the final trading day of the week to 27 May 2022, several buyers rushed back to the market to procure South Korean and Indian parcels at $1220/ton – a level that was widely rejected just a day before.
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