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Morning Briefing - 12 November 2026Indonesia PPBC import market sees South Korean offers retreat sharply after initial hikes, widening the gap with firm Southeast Asian suppliers. |
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MORNING BRIEFING
CommoPlast Thursday, 12 November 2026
commoplast.com
MARKET MOVEMENT
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Brent CRUDE · $/BBL |
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WTI CRUDE · $/BBL |
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92.76 |
86.53 |
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▲1.27 |
▲0.49 |
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▲ Naphtha CFR JAPAN |
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≈ Ethylene CFR NEA |
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≈ Ethylene CFR SEA |
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▼ Propylene FOB KOREA |
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▼ Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show directions only.
TODAY’S DEVELOPMENTS
PET BOTTLE · CHINA
China PET bottle rally fizzles as crude weakness forces sellers back into discounting
China PET market slide as continued crude oil weakness forces price cuts, while buyers remain cautious. After attempting to stabilise last week, the domestic market retreated as softer crude and upstream PX and PTA futures prompted producers to lower offers. Discounts attracted some buying interest, but transactions remained largely need-based amid the winter off-season and expectations of improving supply from plant restarts.
Export offers also declined as producers adjusted prices to remain competitive. However, continued crude weakness and uncertainty over market direction kept overseas buyers on the sidelines, raising questions over whether further price concessions will be enough to stimulate demand.
POLYPROPYLENE · INDONESIA
South Korean PPBC offers pull a sharp U-turn as other regional sellers hold firm
Indonesia PPBC import market sees South Korean offers retreat sharply after initial hikes, widening the gap with firm Southeast Asian suppliers. South Korean suppliers reversed their initial increases within the same week, while Thai and Vietnamese producers maintained higher offers on higher production costs and anticipated supply constraints. The sharp reversal failed to significantly attract buyers, who remained reluctant to commit amid sufficient inventories and concerns over the delivery schedule.
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