Morning Briefing - 17 Dec. 2025
CommoPlast
Morning Briefing
17 December 2025
Brent: $58.92 (- $1.64)
WTI: $55.27 (- $1.55)
Naphtha CFR Japan: - $10
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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Asian PVC faces softer January as weak demand lingers, India loses appeal
Trading sentiment across the Asian PVC market has continued to deteriorate in recent weeks, weighed down by persistently weak demand and elevated inventories in key consuming hubs, notably China and India. As regional and international producers prepare to roll out January shipment offers in the coming days, early market signals increasingly point to a softer near-term price trajectory.
With India increasingly resembling a red ocean market, overseas suppliers are expected to reassess their regional allocation strategies and pivot toward alternative destinations to sustain sales momentum.
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Malaysian polyolefin market faces split outlook ahead of January price lists
The Malaysian polyolefin market is expected to face renewed pressure heading into January 2026, as producers prepare to issue fresh local price lists against a backdrop of uneven supply conditions and diverging demand signals across the complex.
Still, few expect the downturn to accelerate unchecked. Demand sentiment is expected to improve as January progresses, with buying interest likely to remain resilient as converters transition from Lunar New Year demand to Ramadan-related restocking. Festive-driven consumption remains the backbone of Malaysia’s demand cycle and should offer a degree of support, even as prices in select segments soften.
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