Morning Briefing - 13 November 2026
MORNING BRIEFING
CommoPlast Friday, 13 November 2026
commoplast.com
MARKET MOVEMENT
|
Brent CRUDE · $/BBL |
|
WTI CRUDE · $/BBL |
|
95.82 |
88.74 |
|
|
▲3.06 |
▲2.21 |
|
▲ Naphtha CFR JAPAN |
|
≈ Ethylene CFR NEA |
|
≈ Ethylene CFR SEA |
|
≈ Propylene FOB KOREA |
|
▼ Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show directions only.
TODAY’S DEVELOPMENTS
POLYVINYL CHLORIDE · MALAYSIA
Indonesian PVC producer pushes through hikes on the back of Chinese shipping delays
A major Indonesian producer raised its latest PVC offers to Malaysia, capitalising on elevated ethylene costs and logistical disruptions affecting competing Chinese cargoes. The supplier's regional delivery advantage has strengthened its pricing position.
However, the sharp correction in crude oil has complicated the seller's efforts to secure higher prices. Malaysian converters remained reluctant to replenish stocks, favouring small, need-based purchases while Chinese suppliers began trimming their quotations amid weaker futures. With firm ethylene costs supporting regional price floors but lower crude benchmarks is undermining buyer confidence, market participants are questioning how long suppliers can defend their higher offers against increasingly cautious demand.
Read full story:
PLANTS · THAILAND
SCGC HDPE shutdown tightens Southeast Asian supply as regional buyers remain reluctant to replenish stocks.
SCG Chemicals has pulled a HDPE unit offline for scheduled maintenance, compounding existing supply pressure as its sister complex remains separately idled. The simultaneous outages meaningfully reduce the producer’s export availability across Southeast Asia, potentially providing a firmer floor for import offers in the near term.
The disruption lands against a backdrop of elevated production costs and rising freight rates. Demand-side resistance is offsetting some of that support, however: converters are reluctant to build inventories ahead of year-end, with crude oil volatility and softening end-product demand restraining appetite for fresh purchases.
Read full story:
Thailand's SCG Chemicals shuts HDPE unit at Rayong for one-month maintenance
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