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MORNING BRIEFING

CommoPlast                        Monday, 13 July 2026

                                                                                                                          commoplast.com

MARKET MOVEMENTS

Closing prices, previous trading day. Monomers show direction only.

TODAY’S DEVELOPMENTS

POLYOLEFINS · CHINA

China's polyolefin market snaps back as reigniting Hormuz tensions spark restocking rush

China's PP and PE markets staged a sharp reversal this week, clawing back losses after months of hand-to-mouth buying gave way to urgent restocking on renewed Strait of Hormuz tensions and fading Iranian supply prospects. PE led the rebound, with import cargoes from a major Saudi producer selling out entirely just days after tepid demand, while domestic prices firmed across the board. The turnaround follows a steep contraction in China's PE imports that has quietly eroded domestic availability in recent months. Traders remain divided on whether the rally reflects a genuine shift in market footing or a short-lived scramble to rebuild depleted stocks. With additional capacity due back from maintenance later this month, the coming weeks should offer early signals on which way this market is headed.

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China's polyolefin market snaps back as geopolitical risk and inventory squeeze reverse months of decline

POLYETHYLENE ·  VIETNAM

Malaysian producer slashes August PE offers to Vietnam amid mixed regional signals

A major Malaysian producer has sharply cut its August PE offers to Vietnam, extending a months-long push to defend market share as Middle Eastern suppliers return to the region. The steep discounts revived buying interest, with at least one grade selling out after further concessions drew fresh demand. The move stands apart from broader regional sentiment, as some overseas suppliers pulled back offers while others raised quotations, pointing to diverging views on where the market is headed. Buyers, encouraged by a wide premium over local Vietnamese cargoes and improving momentum in China, moved to secure limited volumes while stopping short of committing to larger positions. Whether this cautious restocking builds into firmer footing or fades alongside shifting geopolitical currents remains the key question for the weeks ahead.

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