Morning Briefing - 08 Oct. 2025
CommoPlast
Morning Briefing
08 October 2025
Brent: $65.45 (â $0.02)
WTI: $61.73 (á $0.04)
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Southeast Asian PE Market Extended Declines as Players Await China’s Return
The Southeast Asian PE market resumed its downward trajectory this week, as regional suppliers issued new offers with modest reductions from the previous round. The move underscored persistent bearish sentiment, with participants opting to stay on the sidelines pending clearer demand signals from China’s post-holiday market reopening.
Market sources noted mounting speculation that US-origin LLDPE film could soon breach the $800/ton mark, pressured by weak trading activity and ample regional availability. Despite the sluggish demand, most sellers continued to resist deeper price cuts, citing already thin margins and limited room for further concessions.
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Asian Propylene Market Extends Losses as Weak Demand Weighs on Outlook
The Asian propylene market continued to trend lower this week, with prices under pressure from sluggish downstream demand and abundant spot availability. Despite a series of propane dehydrogenation (PDH) plant shutdowns in China since late August, market participants see little prospect for a near-term rebound in sentiment.
Downstream markets, including PP, ACN, and propylene oxide, are struggling with the current feedstock costs. The PP sector has come under mounting strain from oversupply and weak end-product demand. At least nine Chinese PP producers have halted a total of 11 production lines over the past month, with integrated plants diverting the surplus propylene to the spot market, further adding to availability.
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