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MORNING BRIEFING

CommoPlast                       Thursday, 16 July 2026

                                                                                                                          commoplast.com

MARKET MOVEMENTS

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

TODAY’S DEVELOPMENTS

PET BOTTLE · INDONESIA

Indonesia’s PET tracks crude surge yet sellers level outpaces buyer appetite

Indonesia's local PET market has surged sharply over the past fortnight, with sellers pushing through feedstock-driven increases faster than downstream pricing can absorb them. The rally has tracked crude's sharp advance on renewed Middle East supply risk, leaving levels climbing session after session with little pause for consolidation. Buyers remain hesitant to commit to fresh cargoes, wary of an overextended move even as summer beverage demand holds intact.

With crude sentiment still skewed higher, further near-term upside looks likely, though the durability of the rally will hinge on demand's tolerance for the pace of increase.

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Indonesia PET buyers wary of overextended move as prices extend surge

PP & PE ·  INDONESIA

Indonesian producer push through three price hikes in a single day

Indonesia's PP market saw a major producer raise prices for a third time in one trading session, following two hikes just a day earlier, as domestic supply tightens against a fast firming import market. The increases spanned homo-PP yarn and thermoforming grades, segments that have absorbed an outsized share of order flow in recent sessions, leaving producers little room to hold the line.

The move also tracks a sharp repricing in Chinese import offers, alongside firmer propylene costs and a weakening rupiah that together have squeezed producer margins. With feedstock costs elevated and import levels still climbing, producers look set to keep testing the market's tolerance for further increases in the near term.

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