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Morning Briefing - 04 Dec. 2025A major Taiwanese PVC producer has introduced an additional $20/ton volume discount for December shipments to India, after receiving a lukewarm market response to its earlier offers announced last week. |
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CommoPlast
Morning Briefing
04 December 2025
Brent: $62.64 (+ $0.22)
WTI: $58.95 (+ $0.31)
Naphtha CFR Japan: - $5
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: + $5
Propylene CFR China: - $5
*Data represent closing prices of the previous trading day
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Saudi Aramco Lifted December LPG Prices to Asia
Saudi Aramco has raised its Official Selling Prices (OSPs) for liquefied petroleum gas to Asia for December 2025, marking an end to a nine-month downtrend amid signs of strengthening seasonal demand. While the increase signals a tentative shift in sentiment, the relatively moderate adjustments also reflect the producer’s cautious approach given the still-comfortable supply landscape and ongoing softness in the petrochemical value chain.
The latest price list shows an uptick of $20/ton for propane and $25/ton for butane.
Aramco’s latest adjustments also highlight how far the market has retreated from last year’s levels. According to CommoPlast data, the December 2025 propane OSP stands 22% below the level recorded a year earlier, highlighting the structural fragility that continues to shape the LPG market.
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Taiwanese Major Offered Volume Discount on December PVC to India
A major Taiwanese PVC producer has introduced an additional $20/ton volume discount for December shipments to India, after receiving a lukewarm market response to its earlier offers announced last week. This marks the second consecutive month of such incentives, underscoring the persistent demand softness in the world’s largest PVC-importing market.
Market participants reported that Indian buying ideas remain largely anchored at $600/ton CIF and below. Beyond the burden of ample domestic supply, the sharp depreciation of the Rupee against the US dollar has further dampened appetite for imported cargoes. As a result, trading sentiment in India’s PVC market is expected to stay subdued in the near term.
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