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Morning Briefing - 19 May. 2026A major Malaysian producer cut June LDPE offers to Vietnam across all grades, underscoring how poor packaging demand, margin pressure, and cautious buying behaviour are eroding market confidence despite still-controlled regional availability. |
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CommoPlast
Morning Briefing
19 May 2026
Brent: $112.10 (+ $2.84)
WTI: $108.66 (+ $3.24)
Naphtha CFR Japan: â
Ethylene CFR NEA: â
Ethylene CFR SEA: â
Propylene FOB Korea: â
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
*Data represent closing prices of the previous trading day
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Malaysian producer slashes Vietnam LDPE offers as buying stalls
Asian PE markets are losing pricing support as weak downstream demand begins to outweigh supply disruptions tied to the Middle East conflict. A major Malaysian producer cut June LDPE offers to Vietnam across all grades, underscoring how poor packaging demand, margin pressure, and cautious buying behaviour are eroding market confidence despite still-controlled regional availability.
The sharp markdown also highlights growing competitive strain, with import cargoes continuing to undercut regional offers and reinforcing buyers’ wait-and-see stance. While additional feedstock availability may keep selected production lines running through Q3, subdued restocking appetite and disappointing deal take-up suggest further price concessions remain likely in the near term.
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Malaysian major slashes June LDPE offers to Vietnam amid faltering demand
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Trader-led discounts pressure Indonesian producers into fresh cuts
Indonesian major local producer implemented broad price cuts across both PE and PP portfolios, with the steepest reductions concentrated in injection and commodity grades, highlighting how weak downstream consumption and ample buyer coverage continue to suppress replenishment appetite.
The latest adjustments also reflect a shifting cost dynamic in the local market. While the weaker Rupiah has inflated the landed cost of imports, improving domestic supply availability has enabled traders to offload older inventories at increasingly competitive levels.
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Indonesian major adjusts prices lower to align with distribution market and import levels
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