Morning Briefing - 20 August 2025
CommoPlast
Morning Briefing
20 August 2025
Brent: $65.79 (â $0.81)
WTI: $62.35 (â $1.07)
Naphtha CFR Japan: á $4
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Import PE Offers to China Edge Higher as Buyers Hold Back
International suppliers raised import PE offers to China on the second trading day of the week, claiming the absent of sales pressure as the primary support for the audacious decision. Fresh price lists showed increases of $5/ton for HDPE film, $10/ton for LDPE film, and up to $30/ton for LLDPE film.
The sharp jump in LLDPE film offers drew criticism from Chinese buyers, who deemed the move “unreasonable” given the abundant domestic supply and lacklustre demand. On the other hand, buyers appear more receptive to HDPE and LDPE film, where tighter local availability has lent support.
With the market now entering its traditional peak-demand season, participants are keeping a close watch on whether consumption will strengthen enough to validate the latest round of price hikes.
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Vietnamese Major Rolled Over Weekly PP, PE Offers Despite Currency Pressures
A leading Vietnamese producer has rolled over its spot PP and PE offers to the domestic market for the week commencing 18 August, despite mounting pressure from currency fluctuations. The decision reflects lingering demand weakness and comfortable supply availability, according to market sources.
The Vietnamese Dong diverged from most other regional currencies, which strengthened in tandem with the softer US dollar. Instead, it weakened sharply to a record VND 26,490 per dollar on 19 August, raising concerns among market participants. Ordinarily, such a development would translate into upward pressure on locally priced commodities.
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