|
|
Morning Briefing - 20 Oct. 2025After a subdued start to the week, a major international trading house lowered import offers for US-origin LLDPE film to Vietnam toward the weekend, pushing prices below the $800/ton threshold. |
|
CommoPlast
Morning Briefing
20 October 2025
Brent: $61.29 (á $0.23)
WTI: $57.15 (á $0.16)
Naphtha CFR Japan: â $9
Ethylene CFR NEA: â $5
Ethylene CFR SEA: â $10
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
____________________________________________________________________
US-origin LLDPE film Breached Below $800/ton in Vietnam
After a subdued start to the week, a major international trading house lowered import offers for US-origin LLDPE film to Vietnam toward the weekend, pushing prices below the $800/ton threshold. The move reinforced market expectations that renewed US–China trade tensions could prompt international suppliers to adopt a more aggressive pricing stance in Southeast Asia to secure deals ahead of year-end financial closures.
Negotiations were still underway at the time of reporting, with most buying ideas clustered in the mid-$700s/ton range. Should transactions be concluded at these levels, downward pressure on other overseas suppliers is expected to intensify notably in the coming days.
____________________________________________________________________
Asian Naphtha Extends Decline on Softer Demand, Improved Supply
The Asian naphtha market continued its downward correction for a third consecutive week, weighed by easing supply constraints and muted demand from both the petrochemical and gasoline blending sectors. The latest CommoPlast data showed prices falling by around $50/ton from the late-September peak, with market participants eyeing the possibility of a return to April’s lows.
Sentiment was further dampened by a bearish outlook in the upstream crude oil market. Both the Energy Information Administration (EIA) and the International Energy Agency (IEA) have projected a growing supply surplus into 2026, pressuring international crude benchmarks and adding to the weakness in naphtha values.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
India
Saudi Arabia
About CommoPlast Asia Sdn Bhd
Your empowering market insight site.
