Morning Briefing - 14 Nov. 2025
CommoPlast
Morning Briefing
14 November 2025
Brent: $63.01 (+ $0.30)
WTI: $58.69 (+ $0.20)
Naphtha CFR Japan: - $15
Ethylene CFR NEA: - $5
Ethylene CFR SEA: - $5
Propylene FOB Korea: Stable
Propylene CFR China: + $5
*Data represent closing prices of the previous trading day
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India rescinds BIS mandates on PP, PE, PVC and other key polymers
India’s Ministry of Chemicals and Fertilizers has revoked the Bureau of Indian Standards (BIS) Quality Control Orders (QCOs) covering a wide range of petrochemical products, signalling a significant policy shift in the government’s multi-year effort to regulate the quality of imported raw materials.
The decision, formalised in a 12 November notification under Section 16 of the BIS Act, 2016, follows consultation with BIS. The rescission takes immediate effect, though actions or omissions under the previous orders remain valid.
The withdrawn QCOs cover several upstream and downstream materials, including terephthalic acid (PTA), ethylene glycol (EG), polyethylene (PE), polypropylene (PP), polyvinyl chloride (PVC), and other polymers such as acrylonitrile butadiene styrene (ABS), ethylene vinyl acetate (EVA), polyurethane (PU), and polycarbonate (PC). Polyester-based yarns, including partially oriented yarn (POY), fully drawn yarn (FDY), industrial yarn (IDY), and staple fibres (PSF), are also included.
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Saudi’s PetroRabigh transfers marketing rights from Sumitomo to Saudi Aramco
Rabigh Refining and Petrochemical Company (PetroRabigh) has completed arrangements to transfer the marketing rights of its products from Sumitomo Chemical Co Ltd (Sumitomo) and its affiliates to Saudi Arabian Oil Company (Saudi Aramco) and its affiliates.
The transfer follows Aramco’s acquisition of approximately 22.5% of PetroRabigh from Sumitomo under a previously announced binding share sale agreement.
According to market sources, final deliveries by Sumitomo are expected by the end of H1 2026, as PetroRabigh and Sumitomo have already begun coordinating with regular customers regarding supply arrangements.
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