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Morning Briefing - 24 Sept. 2025Trading in Malaysia’s PP and PE markets slowed noticeably this week as participants concluded September business and awaited a major local producer’s October price list. |
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CommoPlast
Morning Briefing
24 September 2025
Brent: $67.63 (á $1.06)
WTI: $63.41 (á $1.13)
Naphtha CFR Japan: á $2
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: â $5
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Taiwanese Major Rolled Over October PVC Offers
After a brief delay, a leading Taiwanese producer has announced October PVC shipment offers to Asia at unchanged levels from the previous month, defying widespread expectations of moderate reductions. Market participants said the audacious decision hinged on the anticipated implementation of anti-dumping duties (ADD) in India, which could immediately strengthen the competitiveness of Taiwanese cargoes in that market.
Initial reactions from buyers were muted. Some Indian customers noted that select grades from the producer may still find support, but many expect the supplier to face difficulties clearing allocations given sluggish downstream demand.
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Malaysian Polyolefin Market Slowed Ahead of October Price Announcement
Trading in Malaysia’s PP and PE markets slowed noticeably this week as participants concluded September business and awaited a major local producer’s October price list. Early expectations point to diverging trends across product grades, reflecting differences in supply and demand.
Market players generally anticipate softer offers for PP and LLDPE, while supply tightness is likely to lend support to the HDPE segment. Still, weak downstream demand may continue to cap sellers’ ability to implement meaningful price increases.
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