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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 27 December 2024

In a decision broadly anticipated by market stakeholders, the Indian government has announced a six-month postponement of the Quality Control Order (QCO) for PP and PVC, marking the second deferral since the initiative's inception. The revised implementation date for the mandate is now set for June 24, 2025.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 23 December 2024

Of the six newly constructed PP plants in China initially slated to begin operations between November and December 2024, only two—Inner Mongolia Baofeng III and Shandong Yulong Petrochemical—have commenced trial production. However, as of December 22, 2024, both plants have yet to achieve on-spec grades.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 December 2024

Sentiment in China's local homo-PP market has softened amid reports of three new startups scheduled for December and early January. These facilities, operated by Sinopec Ineos (Tianjin), Shandong Jincheng Petrochemical, and Lihua Yiweiyuan Chemical, will collectively add an annual capacity of 850,000 tons to the market.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 December 2024

The local HDPE film market in China has maintained a stable trend for the fourth consecutive week, despite undergoing frequent price adjustments. However, market participants remain cautious, anticipating potential disruptions due to an expected increase in supply in the coming month.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 December 2024

A leading Taiwanese PVC producer has announced its January price list to Asia with a $20-25/ton reduction, attributing the move to heightened buyer caution amid regulatory uncertainties and intensifying regional competition. The discounts failed to evoke better purchasing activity
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 December 2024

Optimism also extended to the export market, where offers on the lower end climbed by $20/ton, reversing recent 2024 lows. The export sector gained additional momentum from softer freight rates, leading to successful deals for February shipments to Southeast Asia.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 December 2024

In an unexpected move, Middle Eastern suppliers lowered import LLDPE film offers to China during the week ending 13 December 2024. This decision came despite strong upstream ethylene costs and a six-week rally in the domestic market. Industry sources attributed the price cuts to year-end destocking efforts, currency exchange challenges, and an uncertain market outlook for January.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 December 2024

The Indian PVC market remains mired in uncertainty following the conclusion of a public hearing on the anti-dumping (ADD) investigation targeting imports from seven countries. Speculation continues to grow around the timing of the ADD implementation, with some traders anticipating enforcement as early as January.
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