Morning Briefing - 09 November 2026

Import LDPE film prices surge in Vietnam despite weaker energy markets

Despite a sharp deterioration in sentiment across the wider polyolefin market in the week to 6 November 2026, overseas suppliers maintained firm pricing for LDPE film shipments to Vietnam, citing limited availability. Data compiled by CommoPlast showed origin-specific offers rising by $40–100/ton, although trading activity remained subdued.

According to market sources, the latest increases were supported not only by persistent supply tightness but also by expectations of a gradual seasonal recovery in demand as converters prepare for festivities in the first quarter of 2027. Buyers, however, remained cautious about fresh procurement, concerned that the recent sharp correction in crude oil prices could eventually filter through to the downstream PE market and undermine current price levels.

Energy Sell-Off Hits China’s PP, PE Markets, Tight Supply Limits Losses

China’s PP and PE markets ended the trading week to 6 November 2026 on a weaker note, with domestic spot prices falling by an average of CNY 200/ton from the previous session. A sharp correction in the energy complex weighed heavily on PP and LLDPE futures on the Dalian Commodity Exchange, dragging spot prices lower.

Trading activity remained subdued, resulting in an unusual weekday inventory buildup at Sinopec and CNPC. Nevertheless, several Chinese producers told CommoPlast that further price concessions would likely remain limited unless upstream costs declined substantially.

The reluctance to offer deeper discounts reflected reduced operating rates across the petrochemical sector, which have eased immediate sales pressure on most privately owned producers. With supply availability constrained, sellers appeared prepared to defend existing price levels despite the broader weakness in energy markets.