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Morning Briefing - 11 Nov. 2025According to CommoPlast data, the latest transactions for locally produced LLDPE film marked the first drop below the MYR 4,000/ton threshold since June 2020—a key psychological level for the market. |
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CommoPlast
Morning Briefing
11 November 2025
Brent: $64.06 (+ $0.43)
WTI: $60.13 (+ $0.38)
Naphtha CFR Japan: + $1
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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Malaysian LLDPE Market Dips Below MYR 4,000/Ton Despite Tight Supply
The Malaysian LLDPE market kicked off the week on a softer note, as major trading houses trimmed spot offers for LLDPE film to stimulate buying interest. The price adjustments managed to draw some buyers back into the market, though deal volumes largely remained limited.
According to CommoPlast data, the latest transactions for locally produced LLDPE film marked the first drop below the MYR 4,000/ton threshold since June 2020—a key psychological level for the market. However, market participants noted that persistently weak upstream costs and tepid downstream demand could keep prices under downward pressure in the near term.
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Chinese PET Bottle Market Edged Higher on Upstream Cost Support
The Chinese PET bottle market opened the week on a steady to slightly firmer trend, as producers held their ground against muted demand amid renewed cost pressure from the upstream sector.
A recent government-led meeting between Chinese PTA and PET producers—aimed at tackling the industry’s persistent overcapacity—ended without a concrete resolution. In the aftermath, several major PTA producers announced plans to shut down their facilities to stem mounting financial losses.
Market participants are now closely monitoring upstream movements and end-user demand trends to gauge the sustainability of the current price uptick.
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