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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 April 2022

Chinese PP sellers seem less active in the export ground, especially in Southeast Asia, where offers for South Korean materials are coming down rapidly, overshadowing other cargoes. Some Chinese sellers stepped back on the export offers by $10-15/ton to $1270-1275/ton for yarn grade, FOB China to reflect the weak demand and softer local market, but overseas buyers did not respond positively.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 22 April 2022

After the sharp price cut from a key Thailand producer earlier this week, Vietnamese customers reported having purchased South Korean homo-PP yarn at $1320/ton, based on CIF terms. This cargo is among the lowest in the market at the time of this report.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 April 2022

There has been some easing in COVID-19 containment measures in China this week, allowing smoother delivery that substantially lower storage pressure among sellers. However, buyers are not interested in higher spot prices but prefer to wait for their previously purchased cargoes at more competitive prices to be delivered. All eyes are on the post-COVID-19 lockdown recovery in China to gauge the price trend. In the meantime, both import PP and PE offers to Vietnam continue to soften.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 April 2022

The downtrend in the Southeast Asian PP and PE market is expected to persist in the coming week as key markets including Indonesia and Malaysia embraces the holiday mood. In Vietnam, the weakening trend has entered the fifth week now with a limited number of transactions observed. Buy ideas for LLDPE film emerged at below the $1350/ton threshold, which is merely above the ethylene costs.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 14 April 2022

The emergence of the new HDPE film grade from a South Korean producer in Vietnam at $1280/ton CIF is a ‘salt-in-the-wound’ type of development. Buyers have placed bids at $1250/ton for the cargoes, but no deals are observed at the time of this report.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 April 2022

Key contracts for May delivery on Dalian Commodity Exchange rebounded sharply on the second trading day of the week after the Chinese government eased COVID-19 containment measures, sparking hope that demand would come back strongly.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 April 2022

The trading sentiment in Asia remains dull on the first trading day of the week as the extended COVID-19 related lockdowns in China and the plunging crude oil prices bite deeper into the demand outlook. The entire market is mired in uncertainties and buyers are just not in the mood to proceed with purchases now.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 11 April 2022

Chinese traders claimed having achieved satisfactory deals in non-lockdown areas while remaining bullish that demand would pick up strongly once the outbreak is under control.
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