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Opinion Insights From Industry Experts

Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 16 Jan. 2025

In an effort to assess near-term demand dynamics in the Chinese PE sector, CommoPlast surveyed 150 converters across the flexible packaging and agricultural film industries to gauge their operational plans as the Lunar New Year approaches.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 Jan. 2025

Analysts warn that the policy could intensify financial pressures on these refineries, potentially undermining their profitability and competitiveness. The ripple effects are already being felt in downstream petrochemical markets, where domestic and international stakeholders are bracing for an escalation in production costs.

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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 Jan. 2025

The Chinese PVC market regained stabilisation in the week ending 10 January 2025, recovering slightly from historic lows recorded in the prior week. Transactions in the local and export markets improved slightly as buyers took advantage of the current attractive pricing.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 10 January 2025

At least two major Middle Eastern producers have opened import PE offers to China with reductions, ranging between $5/ton to $30/ton compared to the previous price announcement. The downswing was expected, market sources said, considering a confluence of bearish factors
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 08 Jan. 2024

Amid the steadily declining futures contracts on the Dalian Commodity Exchange, Chinese market participants saw buyers start returning to make pre-Lunar New Year replenishments. Although most transactions were restricted to PP, in small quantities, sources expressed cautious optimism over the near-term demand outlook.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 07 Jan. 2025

In India, reports of increased purchasing activity for LDPE emerged at the start of the week, primarily driven by restocking efforts in anticipation of constrained local availability. The anticipated supply tightness is linked to scheduled maintenance at a domestic production facility, which has temporarily bolstered market sentiment.
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 Jan. 2025

The Chinese PET export and domestic markets began the year with unexpected firmness, with suppliers citing low inventories and an upturn in the crude and futures segments as justification for the hikes. This move caught market players off guard, as a series of bearish factors
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Derek Yong CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 Jan. 2025

China's LDPE market has slipped for five consecutive weeks, falling below the critical CNY10,000/ton threshold due to sluggish demand conditions. Market sources expected the current downtrend to persist throughout January, with local supply set to improve further, in line with the arrival of previously purchased parcels and new plants starting up.
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