Morning Briefing - 15 Oct. 2025
CommoPlast
Morning Briefing
15 October 2025
Brent: $62.39 (â $0.93)
WTI: $58.70 (â $0.79)
Naphtha CFR Japan: â $14
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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Chinese Homo-PP Export Offers Slip to $800/ton as Downward Pressure Mounts
After weeks of resistance, a major Chinese producer has finally lowered export homo-PP offers to the $800/ton threshold on an FOB basis, underscoring the deepening bearish sentiment across the Asian PP market. The latest offers, which depends on purchase volumes, have so far failed to reignite buying interest.
Market participants are now debating whether prices could soon dip below the $800/ton mark, as sentiment remains weighed down by sluggish demand and renewed weakness in upstream naphtha costs.
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Malaysian PE Producer Pioneered November Downtrend in Vietnam
A major Malaysian producer has reportedly initiated the November LDPE price adjustments to Vietnam, cutting offers by $30/ton from the previous month amid mounting competitive pressure and subdued demand. Initial market response has been muted, with buyers submitting bids below the $1,050/ton mark on a CIF Vietnam basis.
Negotiations remain underway, with final price levels expected to be announced later this week. Several buyers indicated they would limit purchases if the supplier declines to align with prevailing bid levels.
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