Morning Briefing - 30 Oct. 2025
CommoPlast
Morning Briefing
30 October 2025
Brent: $64.92 (+ $0.52)
WTI: $60.48 (+ $0.33)
Naphtha CFR Japan: + $3
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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Vietnamese PP Market Edged Higher on Tighter Supply Outlook, Trade Deal Optimism
Vietnam’s homo-PP market showed signs of stabilisation on Wednesday, 29 October 2025, as domestic suppliers lifted selling prices by VND 200,000–400,000/ton week-on-week on the back of tightening supply expectations ahead of planned maintenance at domestic plants and a cautiously improving market outlook. However, lingering scepticism among buyers kept trading activity subdued.
Although upstream crude oil and naphtha costs have softened in recent sessions, market sentiment remains cautiously optimistic ahead of the upcoming US–China trade talks scheduled for this Friday. A lasting agreement between the world’s two largest economies could help restore confidence and lend stability to regional polymer markets
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US-Origin LDPE Film Prices Ease in Asia; Market Response Remains Cautious
A major international supplier has slightly reduced its LDPE film offers from the United States by $4–7/ton from last week to key Asian destinations, including China and Vietnam. Market sentiment, however, remained subdued as participants preferred to stay on the sidelines ahead of the upcoming US–China trade talks later this week.
Meanwhile, discussions in the market suggested that US suppliers may still hold ample LDPE allocations, a factor that could exert downward pressure on regional prices in the near term.
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