|
|
Morning Briefing - 29 Jan. 2026Indonesian PP block copolymer imports climbed to five-month highs in the week under review, supported by constrained availability, firm upstream costs and lingering festive demand, although signs of demand fatigue are emerging. |
|
CommoPlast
Morning Briefing
29 January 2026
Brent: $68.40 (+ $0.83)
WTI: $63.21 (+ $0.82)
Naphtha CFR Japan: +$16
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
____________________________________________________________________
Indonesian PP block copolymer hits five-month highs as tight supply offsets easing demand
Indonesian PP block copolymer imports climbed to five-month highs in the week under review, supported by constrained availability, firm upstream costs and lingering festive demand, although signs of demand fatigue are emerging.
Prices tracked the broader strength seen in the homo-PP segment, reaching their highest levels since late August 2025. Non-dutiable PP block copolymer rose by $10–20/ton week on week, with offers holding firmly above the $900/ton CIF Indonesia mark. Buyers’ attempts to secure material below this threshold were largely unsuccessful, as sellers showed little inclination to concede having largely depleted February allocations.
Despite the firmer price trend, resistance is beginning to surface. Several buyers indicated they are comfortably stocked and have opted to step back from the market, adopting a wait-and-see approach as they assess demand conditions after Ramadan before committing to fresh replenishment.
____________________________________________________________________
India and EU strike historic trade deal after expediting talks
India and the European Union (EU) finalised a long-awaited trade agreement on Tuesday, cutting tariffs on most goods to expand bilateral trade and reduce dependence on the United States amid rising global trade tensions. The accord is projected to double EU exports to India by 2032, covering 96.6% of traded goods by value, and is expected to save European companies around $4.75 billion in duties, the EU said.
A formal signing is expected after legal vetting, which could take five to six months, with implementation anticipated within a year, an Indian official said. Complementing the trade measures, the EU pledged €500 million in financial support over two years to assist India in reducing greenhouse gas emissions.
____________________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
India
Egypt
United Arab Emirates
About CommoPlast Asia Sdn Bhd
Your empowering market insight site.
