|
|
Morning Briefing - 13 Mar. 2025According to data from CommoPlast, average spot LDPE film prices on an EXW China basis declined by CNY 200/ton ($28/ton). Cargoes positioned at the upper end of the price range encountered the most resistance, reflecting a market increasingly wary of inflated valuations. |
|
CommoPlast
Morning Briefing
13 March 2025
Brent: $70.95 (á $1.39)
WTI: $67.68 (á $1.43)
Naphtha CFR Japan: á $4
Ethylene CFR NEA: â $10
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
____________________________________________________________________
Chinese LDPE Market Faces Correction
The Chinese LDPE film market has entered a correction phase as the ongoing demand from the agricultural film sector and reduced domestic supply fail to uphold previous price gains. Spot offers plunged from the previous week, weighed down by deteriorating buyer confidence and mounting economic headwinds.
According to data from CommoPlast, average spot LDPE film prices on an EXW China basis declined by CNY 200/ton ($28/ton). Cargoes positioned at the upper end of the price range encountered the most resistance, reflecting a market increasingly wary of inflated valuations.
Despite securing essential volumes, buyers have adopted a more defensive purchasing strategy, largely steering clear of cargoes priced above the CNY 10,000/ton threshold to mitigate downside risks. The cautious sentiment, if it persists, could impact trading sentiment in the import market.
___________________________________________________________________ _
Indonesia’s LLDPE film Market Trends Downward
Indonesia’s local LLDPE film market extended its downtrend, softening by IDR 100,000/ton ($6/ton) this week, bringing total losses to IDR 350,000/ton ($21/ton) since late February. The downturn was partly attributed to slower purchasing from medium and large-scale buyers, who had largely completed pre-Eid al-Fitr restocking.
Smaller-scale converters drove most transactions this week, securing last-minute replenishments ahead of the holiday season. However, the purchases made were miniscule and constituted limited market support.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
South Korea
About CommoPlast Asia Sdn Bhd
Your empowering market insight site
