Morning Briefing - 02 Apr. 2026
CommoPlast
Morning Briefing
2 April 2026
Brent: $101.16 (- $2.81)
WTI: $100.12 (- $1.26)
Naphtha CFR Japan: â
Ethylene CFR NEA: â
Ethylene CFR SEA: â
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Regional supply shocks push Vietnam imports higher while domestic market remain stable
Vietnam’s polymer landscape is diverging, with the domestic market largely stable while imports extend their upward trajectory. Prices are being driven higher by tightening regional supply and feedstock constraints linked to the Iran conflict, even as buyers remain cautious, supported by comfortable inventories and short-term purchasing strategies.
However, widening supply disruptions across the region are rapidly eroding this buffer, leaving the import market increasingly exposed to sudden supply shocks and export swings. With buyers still holding back, any further escalation is likely to force restocking and reinforce upward price momentum.
Read full story:
Vietnam – Weekly PE Market Wrap - 01 Apr. 2026
Vietnam – Weekly PP Market Wrap - 01 Apr. 2026
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President Trump addresses nation for first time since Iran war outbreak
US President Donald Trump signalled that the Iran conflict is nearing its endgame, but struck a markedly hawkish tone by warning of potential escalation targeting critical infrastructure if no deal is reached. The mixed messaging — hinting at both resolution and intensification — It underscores a persistently volatile geopolitical backdrop that continues to cloud market direction.
Investors reacted swiftly to the uncertainty, with crude oil pushing higher and US equity futures retreating as risk sentiment deteriorated. The prospect of simultaneous strikes on Iran’s energy infrastructure has amplified supply disruption fears, reinforcing oil’s upward bias even as markets search for clarity on whether de-escalation or further escalation will ultimately prevail.
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