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Morning Briefing - 27 Oct. 2025Market sources anticipate PP and LLDPE to lead the downtrend, with potential price cuts of MYR 100–200/ton from October levels amid comfortable supply conditions. |
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CommoPlast
Morning Briefing
27 October 2025
Brent: $65.94 (- $0.05)
WTI: $61.50 (- $0.29)
Naphtha CFR Japan: + $8
Ethylene CFR NEA: - $15
Ethylene CFR SEA: - $15
Propylene FOB Korea: Stable
Propylene CFR China: Stable
*Data represent closing prices of the previous trading day
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Malaysian Buyers Eye Stable to Softer PP, PE Offers from Domestic Producers
As October business winds down, trading sentiment in Malaysia’s polyolefin market has turned notably subdued, with participants shifting focus to November price announcements. Early expectations suggest a stable-to-softer outlook, though many buyers remain uncertain whether this will mark the final round of reductions for 2025.
Market sources anticipate PP and LLDPE to lead the downtrend, with potential price cuts of MYR 100–200/ton from October levels amid comfortable supply conditions. In contrast, recent supply hiccups at local HDPE and LDPE plants could limit downward adjustments for these grades.
Buyers are also weighing the recent rebound in crude oil and naphtha prices against the persistent demand weakness across Asia to assess whether the market is approaching a cyclical bottom. For now, sentiment remains cautious, with limited signs of recovery in downstream consumption and finished goods demand.
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Taiwanese Major Cuts November PVC Offers Amid Lingering Demand Weakness
In an unexpected move, a leading Taiwanese producer has revised down its November PVC offers by $20/ton from last week, reflecting mounting pressure to clear allocations in the face of sluggish demand.
According to market sources, the reductions were initially extended to buyers with larger volume commitments but were later made available to all customers. “Our clients remain cautious, especially with more competitive offers emerging from alternative suppliers,” a regional distributor said.
Attention now turns to India, where the market is set to reopen on 27 October after the Diwali holidays. Participants say any sign of post-festival restocking could help lift sentiment across Asia, at least in the near term.
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