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Morning Briefing - 01 Dec. 2025Spot availability of PP film in Malaysia tightened noticeably in the week ending 28 November 2025 as ongoing production restrictions at key domestic plants continued to curb supply. |
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CommoPlast
Morning Briefing
01 December 2025
Brent: $63.20 (- $0.14)
WTI: $58.55
Naphtha CFR Japan: + $6
Ethylene CFR NEA: + $10
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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Indonesia Extended Anti-dumping Probe into Homo-PP Imports by 6 Months
The Indonesian authorities (KADI) have announced an extension of the ongoing anti-dumping investigation into homo-PP imports from Saudi Arabia, the Philippines, South Korea, Malaysia, China, Thailand, Singapore, and Vietnam.
The extension is attributed to the high volume of responses and submissions from interested parties, requiring additional review time. The investigation period is expected to take up another to six months, giving KADI more time to evaluate all data and claims before issuing a final determination.
Market participants told CommoPlast that the extended timeline is “both relieving and unsettling,” providing additional space for clarification but prolonging uncertainty around potential duties.
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Malaysian PP Film Supply Tightens on Local Production Cuts
Spot availability of PP film in Malaysia tightened noticeably in the week ending 28 November 2025 as ongoing production restrictions at key domestic plants continued to curb supply. The shortfall prompted buyers to step up import inquiries, with some turning to overseas suppliers to bridge immediate gaps while benefiting from a firmer Ringgit.
Market participants expect the tightness to extend into the first quarter of 2026, citing the likelihood of deeper production rate cuts at one major local facility. Even so, there were no indications of panic buying. Converters largely maintained a measured procurement approach, preferring to secure end-product orders before increasing raw material inventories.
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