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Morning Briefing - 05 Nov. 2025Saudi Aramco has reduced its November Official Selling Prices (OSPs) for liquefied petroleum gas (LPG) to the lowest level in more than two years, as abundant global supply and sluggish demand continue to pressure the market. |
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CommoPlast
Morning Briefing
05 November 2025
Brent: $64.44 (- $0.45)
WTI: $60.56 (- $0.49)
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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Saudi Aramco cut November LPG Prices Amid Ample Supply, Soft Demand
Saudi Aramco has reduced its November Official Selling Prices (OSPs) for liquefied petroleum gas (LPG) to the lowest level in more than two years, as abundant global supply and sluggish demand continue to pressure the market. The decision came despite earlier expectations that winter heating needs might provide seasonal support.
The Saudi energy major lowered its November propane and butane OSPs by 3.2% and 3.4%, respectively, marking the weakest levels since mid-2023.
Market participants noted that the downtrend could extend into December, given the steady influx of US-origin cargoes and the likelihood of higher availability as OPEC+ gradually increases crude oil output.
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Chinese LDPE film Market Extended Loses on Soft Demand, Rising Supply
China’s domestic LDPE film market extended its decline for a seventh consecutive week, deepening losses even as the HDPE and LLDPE segments showed signs of stabilisation. Rising domestic availability, sluggish downstream consumption, and concerns over competitively priced US-origin cargoes continued to weigh on sentiment.
With expanding supply prospects and limited evidence of a demand recovery, most market participants expect LDPE film prices in China to remain under downward pressure in the near term, even as broader PE market conditions show relative stability.
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