Morning Briefing - 17 Nov. 2025
CommoPlast
Morning Briefing
17 November 2025
Brent: $64.39 (+ $1.38)
WTI: $60.09 (+ $1.40)
*Data represent closing prices of the previous trading day
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Chinese PVC Market Extended Declines Amid Falling Futures
The Chinese PVC market remained under pressure in the week to 14 November 2025, with prices extending their slide amid renewed weakness in futures and a lack of meaningful improvement in downstream demand. The latest reductions pushed ethylene-based PVC about 17% below the pandemic-era low recorded in April 2020, while carbide-based grades fell roughly 14% beneath their previous trough.
Attention has also shifted to India’s pending anti-dumping duty (ADD) decision on Chinese PVC. Although the 90-day grace period expired on 13 November, the measure has yet to be enacted. Market participants note that the Indian Ministry has until 17 November to issue a formal ruling; failing that, the final findings published on 14 August would lapse, allowing Chinese exporters to maintain access to what remains a highly lucrative export outlet.
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Middle Eastern LDPE film Slid below $1000/ton Mark Following Intense Negotiations
A major Middle Eastern producer rattled the Chinese PE market this week by cutting LDPE film offers below the $1,000/ton mark for the first time in 2025. Market sources described the move as a “significant step-down,” highlighting that the grade had consistently traded above this benchmark throughout the year.
As of this report, most Middle Eastern suppliers have yet to announce December shipment offers. Industry participants indicate that if current market conditions persist, other producers may need to adjust their pricing to match the newly established floor in order to stay competitive.
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