Morning Briefing - 12 Dec. 2025
CommoPlast
Morning Briefing
12 December 2025
Brent: $61.28 (- $0.93)
WTI: $57.60 (- $0.86)
Naphtha CFR Japan: - $5
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
____________________________________________________________________
Middle Eastern Producers Signal Stable to Firmer January PE Outlook
Key Middle Eastern producers are set to unveil January PE shipment offers to Southeast Asia next week, with early market conversations suggesting a stable-to-slightly-firmer pricing trajectory. Producers point to leaner inventories and reduced competitive pressure as the key drivers supporting a cautiously bullish stance.
Still, upward momentum may face headwinds. The persistent softness in the nearby Chinese market—combined with the availability of more competitively priced alternatives—could limit suppliers’ ability to secure meaningful increases. “The window for pre-Ramadan stocking is closing quickly, which may encourage producers to focus on locking in volumes rather than pushing for higher prices,” an Indonesian buyer noted.
____________________________________________________________________
Indonesian PET Bottle Producer Halted Operations Amid Margin Pressures
Major Indonesian PET bottle producer PT Petnesia Resindo (PNR) has initiated a two-month voluntary shutdown as sluggish domestic demand and intensifying competition from duty-free Chinese imports continue to erode margins.
Market participants, however, do not anticipate a significant impact on overall supply. The steady inflow of competitively priced Chinese cargoes is expected to cover any potential shortfalls, particularly as preparations for Ramadan-related demand begin to take shape.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Your empowering market insight site.