Morning Briefing - 15 Dec. 2025
CommoPlast
Morning Briefing
15 December 2025
Brent: $61.12 (- $0.16)
WTI: $57.44 (- $0.16)
Naphtha CFR Japan: - $6
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Malaysian LDPE Extended Loses in Vietnam, Marking The Fifth Straight Monthly Decline
Malaysian LDPE prices into Vietnam extended their downward trajectory, as a major producer rolled out January 2026 shipment offers at reduced levels, marking a fifth consecutive month of declines amid persistent pressure on import benchmarks.
The producer finalised prices at $50/ton below initial offers, reinforcing a trend that the market had largely anticipated. However, the additional cuts failed to unlock meaningful buying interest, with Vietnamese converters remaining guarded amid weak near-term visibility and concerns that prices may not yet have found a durable floor.
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Chinese PET Bottle Market Retreats on Weakened Upstream Support
China’s PET bottle market reversed course and resumed its downward trend, bringing a two-week rally to an abrupt halt as a renewed correction in upstream feedstocks weighed heavily on sentiment.
On the demand side, activity has shown tentative improvement. Converters in the bottled beverage and food packaging sectors were seen replenishing inventories ahead of Lunar New Year-related demand. A buyer said additional purchases were being considered toward the end of the month, adding that recent capacity additions and weaker feedstock costs were likely to cap near-term price volatility.
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