Morning Briefing - 23 June 2026
MORNING BRIEFING
CommoPlast Tuesday, 23 June 2026
commoplast.com
MARKET MOVEMENTS
|
Brent CRUDE · $/BBL |
|
WTI CRUDE · $/BBL |
|
80.57 |
74.82 |
|
|
▼2.67 |
— |
|
▼ Naphtha CFR JAPAN |
|
— Ethylene CFR NEA |
|
— Ethylene CFR SEA |
|
— Propylene FOB KOREA |
|
— Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show direction only.
TODAY’S DEVELOPMENTS
PP & PE · INDONESIA
Downward pressure in ASEAN PP as crude retreat and
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Domestic polyolefin prices in Indonesia fell broadly opening the week, with HDPE grades absorbing the sharpest cuts after a short-lived producer attempt to steady the market collapsed under renewed competitive pressure from regional indent offers. For PP, yarn and injection grades were similarly marked down, but the reductions drew little buying response as converters held back on expectations of further softening into July. The LLDPE film segment paints the starkest picture: despite a comparatively modest list price reduction, the producer's official level remains far above the cash distribution market and even further above import offer levels from competing origins, a gap that could be untenable for sellers. With secondary market traders actively clearing inventory at steep discounts and forward import curves establishing significantly lower price floors, producer-direct procurement remains uncompetitive for buyers. |
Read the full story:
PET BOTTLE · INDIA
India reaches decision on anti-dumping duty for Chinese bottle-grade PET
India's government has reached a decision on its anti-dumping duty on bottle-grade PET resin from China, with implications for Chinese exporters targeting one of Asia's most active packaging markets. The move follows a sunset review in which authorities found that dumping and injury margins remain both positive and substantial, and assessed what removal of the duty would mean for the flow of discounted volumes into the market.
The notification's scope addresses material manufactured in China regardless of shipping route and resin exported from Chinese ports regardless of declared origin, closing off intermediary-routing strategies that have historically complicated enforcement.
Read the full story:
India decided on PET bottle anti-dumping duty
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