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Morning Briefing - 30 June 2025Despite lingering uncertainty over trade negotiations with the United States, market players reported that buyers were quietly replenishing inventories in preparation for the upcoming Mid-Autumn Festival. |
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CommoPlast
Morning Briefing
30 June 2025
Brent: $67.77 (á $0.04)
WTI: $65.52 (á $0.28)
Naphtha CFR Japan: á $1
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: â $5
Propylene CFR China: â $5
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Vietnamese Buyers Re-emerge for LLDPE film; LDPE film Faces Headwinds
Vietnam’s import LLDPE film market gained traction over the past week as buyers cautiously returned to secure July shipments, leading to a moderate pickup in transaction volumes. According to data compiled by CommoPlast, a good number of deals for Middle Eastern cargoes were finalised within the $960–980/ton range on a CIF basis.
Despite lingering uncertainty over trade negotiations with the United States, market players reported that buyers were quietly replenishing inventories in preparation for the upcoming Mid-Autumn Festival. However, sentiment remained tempered, with no signs of aggressive stockpiling.
In contrast, the import LDPE film segment struggled to draw interest, as prices above the $1100/ton CIF mark encountered stiff resistance. A growing number of buyers opted to defer purchases, citing limited downstream demand and unfavourable cost margins at current offer levels.
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Taiwanese Major Stepped Back on July PVC Offers Amid Cold Market Responses
In an uncharacteristic move, a key Taiwanese PVC producer has revised down its July shipment offers to Asia by $20/ton, just two days after announcing initial increases. The swift adjustment reflects the market’s poor responses to the earlier hike, which buyers widely viewed as poor-timed and excessive.
Indian and Southeast Asian buyers pointed to the availability of Chinese-origin ethylene-based PVC cargoes below $700/ton as a key factor undermining interest in the Taiwanese parcels.
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