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Morning Briefing - 27 August 2025The Chinese PE market saw a notable improvement in trading sentiment on Tuesday, 26 August 2025, as domestic buyers showed stronger interest in replenishing cargoes |
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CommoPlast
Morning Briefing
27 August 2025
Brent: $67.22 (â $1.58)
WTI: $63.25 (â $1.55)
Naphtha CFR Japan: á $8
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Trading Sentiment Improved Visibly in Chinese PE Market
The Chinese PE market saw a notable improvement in trading sentiment on Tuesday, 26 August 2025, as domestic buyers showed stronger interest in replenishing cargoes despite the lackluster performance of the Dalian Commodity Exchange. A series of deals were concluded in the second half of the day at CNY 50/ton higher across all PE film grades.
The rebound in activity was widely viewed as an early sign of the manufacturing season gaining traction. Still, market caution lingered, with participants mindful of a potentially softer-than-usual peak demand season following heavy front-loading of exports earlier in the year. Even so, many believed that the recent downturn may have reached its floor, opening room for a firmer trend ahead.
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Taiwanese Major Raised September PVC Offers, Mixed Responses Reported
A leading Taiwanese producer has announced September shipment offers for PVC across Asia, lifting prices from the previous month and ending weeks of anticipation. The increase had been widely expected in the wake of India’s final anti-dumping (ADD) rulings, which gave the producer a competitive advantage over major Chinese and US rivals.
Reponses from the market were mixed, fuelling questions on the producer’s ability to clear its September allocations swiftly. In the meantime, market participants are closely watching shifts in trade flows and their implications for regional price trends.
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