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Morning Briefing - 07 Apr. 2026The outage at major cracking units, including Rayong, has sharply reduced local output, triggering a rapid spike in spot resin prices. |
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CommoPlast
Morning Briefing
07 April 2026
Brent: $109.77 (+ $0.74)
WTI: $112.41 (+ $0.87)
Naphtha CFR Japan: á
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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Domestic olefins outage pushes Thai government to cap prices
Thailand’s polymer market has been thrown into turmoil following the suspension of domestic olefins production, as feedstock disruptions linked to escalating Middle East tensions choke the flow of naphtha, LNG, and LPG. The outage at major cracking units, including Rayong, has sharply reduced local output, triggering a rapid spike in spot resin prices.
In response, the government has imposed emergency price controls on plastic pellets alongside selected consumer goods, aiming to curb inflation. However, with domestic prices capped concerns are emerging over domestic supply allocation and producer margins. As constraints persist would capped prices push producers to prioritise higher-margin export markets, leaving domestic buyers struggling to secure material despite state controls?
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Indonesian major lifts PVC price list sharply amid regional crunch
Indonesia’s PVC market has extended its rally, with a major domestic producer raising April offers again after a sharp late-March revision, pushing spot levels to multi-year highs. The uptrend continues to be driven by tightening supply and escalating upstream risks, even as downstream demand remains subdued. Operating rates have been cut sharply amid severe ethylene constraints, with producers forced to rely on costly spot VCM to sustain limited output, while import availability across the region remains thin.
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Indonesian PVC surges to multi-year highs as supply shocks eclipse weak demand
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