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Opinion Insights From Industry Experts

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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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 May 2022

Earlier this week, a major Saudi Arabia producer slashed import LLDPE film offers to China by $70/ton, causing a lot of ‘wow’ across the region. Well, more ‘wow’ by the second half of the week as the same producer put up another $30/ton discount, totalling the reductions to $100/ton week-on-week
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 May 2022

Another burning question Asian market participants are pondering is whether the ethylene costs are nearing the bottom after shedding more than $250/ton in a span of six weeks since the peak?
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