Morning Briefing - 12 June 2026

CommoPlast

Morning Briefing

12 June 2026

Brent: $90.38 (- $2.72)

WTI: $87.71 (- $2.32)

Naphtha CFR Japan: Stable

Ethylene CFR NEA: Stable

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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Malaysia’s LDPE offers to Vietnam slashed as regional competition sets lower floor

A prominent Malaysian producer issued further double-digit LDPE price reductions for July Vietnam loading, but the revised offers failed to attract meaningful buyer response as competing regional cargoes arrived at materially lower levels and immediately set a more aggressive market floor. The supplier was ultimately forced into back-end concessions from its opening list, reflecting a competitive landscape that has shifted decisively against sellers as regional supply normalizes. With Vietnamese converters in the middle of a seasonal demand lull and confident that prices have further to fall, buying interest is likely to remain thin until sellers demonstrate a firmer floor.

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Malaysian major slashed July PE offers to Vietnam as regional competition and supply recovery intensify

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PRefChem edges toward July production normalization

Malaysia's Pengerang complex is progressing toward phased polymer unit start-ups through late June and into July following a multi-month outage, though a minor CDU snag continues to delay feedstock flows to downstream plants. Petronas has simultaneously consolidated full control of the site after acquiring Aramco's joint-venture stakes, bringing significant polymer capacity into the national oil company's supply chain.

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Malaysia’s PRefChem restarts CDU with polymer units weeks away from coming online

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