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Opinion Insights From Industry Experts

CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 26 July 2023

A kneejerk reaction to the meeting results from the China Economic Work Conference in the late afternoon on Monday, 24 July helped local suppliers to deplete a considerable number of cargoes.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 25 July 2023

The Chinese PP and PE market showed a visible slowdown on the first trading day of the week as both sellers and buyers prefer to wait on the sidelines for a clearer market direction with the China Economic Work Conference taking place this week.

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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 24 July 2023

The latest data showed that in the first six months of 2023, China consumed about 16.8 million tons of PP, indicating a 5% growth from the same period last year despite the heightened economic challenges.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 21 July 2023

The Asian ethylene market hit the highest levels in six weeks amid thin discussion as buyers have mostly covered August production needs and prefer to wait on the sidelines.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 20 July 2023

Despite the diverged pricing movement, prices below the $900/ton threshold are no longer available at the time of this report.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 19 July 2023

In China, the import PE market extended the firming trend regardless of the softening domestic market. Qatari cargoes saw a $10-30/ton gain week-on-week while Saudi Arabia materials registered a $20/ton hike.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 18 July 2023

Nevertheless, trading activities fell sharply as converters and arbitrage traders took a backseat to monitor further development, believing the recent rally might have reached the peak.
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CommoPlast CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 17 July 2023

The Chinese PP and PE market ended the week of 14 July on a strong note as optimism surrounding more pro-growth measures from the government fueled the rally on Dalian Commodity Exchange.
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