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CommoPlast

Morning Briefing

02 October 2025

Brent: $65.35 (â $0.68) 

WTI: $61.78 (â $0.59)

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Another Malaysian Producer Holds October PE Prices Steady

A second Malaysian producer has announced October PE offers at unchanged levels, resisting the softer tone set by a domestic peer earlier this week and mounting pressure from overseas markets. Market participants noted that the producer’s prices were already positioned in the mid-range, allowing it to maintain a competitive edge without adjusting prices downward.

While local buyers are expected to uplift their regular allocations, sentiment remains cautious. The anticipated improvement in supply availability through October has kept many buyers vigilant, with discussions suggesting that domestic spot prices may continue to face downward pressure in the near term.

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Indian Major Cuts Local PVC Prices, Setting a Weak Tone for October

The Indian PVC market entered October on a bearish note after a leading domestic producer slashed spot prices by INR 3,000/ton ($34/ton) from its previous levels, citing subdued demand and ample supply. Market participants said the move is expected to sustain pressure on overseas suppliers in the near term.

Industry sources also noted that the implementation of anti-dumping duties (ADD) is unlikely before the end of the 90-day window, which expires on 13 November. In the meantime, reports indicated that as much as 200,000 tons of imported PVC arrived in India during September, ensuring comfortable supply conditions in the domestic market.

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