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Morning Briefing - 18 July 2025Despite subdued sentiment across China’s polyethylene market this week, the HDPE film segment demonstrated notable resilience, outperforming its LDPE and LLDPE counterparts. |
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CommoPlast
Morning Briefing
18 July 2025
Brent: $69.52 (á $1.00)
WTI: $67.54 (á $1.16)
Naphtha CFR Japan: â $7
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: á $5
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Asian PVC Market Braces for Potential Price Cuts from Taiwanese Major
As the market awaits August shipment announcements from key regional and international PVC suppliers, buying sentiment across Asia remains cautious yet focused. Discussions are intensifying over the possible pricing strategies, with many anticipating downward adjustments from a leading Taiwanese producer.
Market expectations point to potential price cuts for August-loading cargoes in response to persistent demand weakness across major importing countries. However, traders believe the scale of any reduction will likely vary by market, reflecting divergent supply-demand dynamics across the region.
Adding to the uncertainty, buyers are closely monitoring the Indian government’s pending decision on the ongoing anti-dumping investigation into PVC imports. Until more clarity emerges, most stakeholders are holding back from major procurement decisions, maintaining a wait-and-see approach amid the traditional off-peak season.
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Chinese HDPE Market Shows More Resilience Than Other PE Sectors
Despite subdued sentiment across China’s polyethylene market this week, the HDPE film segment demonstrated notable resilience, outperforming its LDPE and LLDPE counterparts. While spot offers for LDPE and LLDPE film continued their decline for a third consecutive week, HDPE film prices showed signs of stabilisation.
Market participants attributed the relative firmness to tightened supply, citing reduced availability of competitive US-origin cargoes and irregular inflows from Iran. These factors have helped ease the downward pressure in the domestic market.
Nevertheless, traders acknowledged that in the absence of a meaningful demand recovery, any attempts to raise prices in the near term would likely face resistance.
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