Morning Briefing - 07 Oct. 2025
CommoPlast
Morning Briefing
07 October 2025
Brent: $65.47 (á $0.94)
WTI: $61.69 (á $0.81)
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Indonesian Major Trimmed Local PP, PE Offers, Halted Two-Week Rally
The Indonesian PP and PE markets opened the week on a softer note after a key domestic producer reduced spot offers by IDR 180,000–390,000/ton, bringing an end to a two-week uptrend. Market sources attributed the downward adjustments to the strengthening rupiah and subdued restocking activity among local buyers.
Most Indonesian converters opted to stay on the sidelines, anticipating additional price cuts amid the arrival of previously booked import cargoes. Market participants are also keeping a close watch on post–Golden Week developments in China to assess how demand recovery there might influence sentiment across Southeast Asia.
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Indian PVC Major Launches APR-Linked Discount Scheme to Spur Demand
Following a INR 3,000/ton reduction in October PVC offers earlier this week, a leading Indian producer has rolled out an APR-linked discount scheme for the month. Under the program, buyers will receive INR 1,000/ton discounts for offtakes exceeding 7% of their annualised allocation, and INR 2,000/ton for volumes above 8.33%. The move reflects persistently weak demand amid ample domestic supply.
Market participants are now watching post-holiday trends in China for clues on potential shifts in regional sentiment. In the meantime, Indian buyers remain doubtful that suppliers from non-Chinese origins can maintain firm pricing in the near term.
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