|
|
Morning Briefing - 05 Dec. 2025ExxonMobil plans to permanently shut the older of its two steam crackers on Singapore’s Jurong Island from March 2026, marking another step in Asia’s ongoing capacity rationalisation |
|
CommoPlast
Morning Briefing
05 December 2025
Brent: $63.26 (+ $0.59)
WTI: $59.67 (+ $0.72)
Naphtha CFR Japan: - $2
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
____________________________________________________________________
Media: ExxonMobil to retire older Jurong Island cracker
ExxonMobil plans to permanently shut the older of its two steam crackers on Singapore’s Jurong Island from March 2026, marking another step in Asia’s ongoing capacity rationalisation as producers contend with prolonged margin pressure and persistent oversupply, according to a Reuters report citing industry sources.
Market participants said the company may consider sourcing external feedstocks from the spot market to support downstream PP and PE operations at the same site. However, industry sources noted that the economic feasibility of such supplementary procurement remains uncertain given current margin dynamics.
Meanwhile, ExxonMobil has partially commenced commercial operations at its newly built petrochemical complex in Huizhou, China. The company recently started up the complex’s final LDPE production line, which has now entered its trial-run phase.
____________________________________________________________________
Indonesian PVC Producer Slashed Local PVC Offers for December
A leading Indonesian PVC producer has lowered its December domestic offers by $30/ton from November, extending the market’s downtrend for a second straight month amid broadly bearish sentiment across Asia.
Despite the reductions, buying interest remained muted as local converters adopted a cautious stance toward fresh procurement. Downstream demand — including in key segments such as food packaging — continues to lag, even as the market approaches the seasonal uptick typically associated with Ramadan-related consumption.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
Indonesia
About CommoPlast Asia Sdn Bhd
Your empowering market insight site.
