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Morning Briefing - 13 Nov. 2025Across Southeast Asia, Indonesia stands out as the region’s most resilient PP market. In contrast, Malaysia’s domestic prices continued to soften |
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CommoPlast
Morning Briefing
13 November 2025
Brent: $62.71 (- $2.45)
WTI: $58.49 (- $2.55)
Naphtha CFR Japan: - $8
Ethylene CFR NEA: Stable
Ethylene CFR SEA: Stable
Propylene FOB Korea: + $5
Propylene CFR China: + $5
*Data represent closing prices of the previous trading day
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Malaysian PE Producer Cut Offers to Vietnam for the Fourth Month in a Row
A major Malaysian PE producer has announced new offers for December loading cargoes to Vietnam, lowering prices by $25/ton for LDPE film and $60/ton for HDPE blow moulding. The reductions mark the fourth consecutive monthly decline, reflecting mounting competitive pressure across the regional market.
Initial market reactions were subdued as buyers held back from immediate engagement. Several converters voiced frustration over consecutive losses from recent purchases, citing the persistent downtrend in resin prices as a key deterrent to new commitments.
Market participants are now watching closely for any concluded deals on Middle Eastern cargoes to assess the potential downside for Malaysian-origin material in the coming days.
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Indonesia Stood Out As the most resilient PP market in Southeast Asia
Indonesia’s PP market continued to demonstrate remarkable strength this week, with a leading producer raising spot offers by IDR 170,000/ton ($10/ton) mid-week. This marks the fourth consecutive price hike in November, reflecting sustained momentum from improved sales in late October and reduced pressure to discount amid lower plant operating rates.
Across Southeast Asia, Indonesia stands out as the region’s most resilient PP market. In contrast, Malaysia’s domestic prices continued to soften, while in Vietnam, sellers faced mounting challenges in pushing through further price increases following last week’s hikes.
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