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Morning Briefing - 10 Apr. 2026China’s PE market is tightening beyond a cyclical squeeze, as geopolitical disruptions compound heavy maintenance, unresolved outages, and energy constraints. |
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CommoPlast
Morning Briefing
10 April 2026
Brent: $95.92 (+ $1.17)
WTI: $97.87 (+ $3.46)
Naphtha CFR Japan: á
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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China PE enters entrenched upcycle on prolonged supply constraints
China’s PE market is tightening beyond a cyclical squeeze, as geopolitical disruptions compound heavy maintenance, unresolved outages, and energy constraints. With a significant portion of capacity offline and limited restart visibility, prompt supply has thinned sharply, particularly in HDPE where losses are most acute, anchoring the rally firmly in supply erosion rather than demand strength.
The market is becoming structurally more reactive, with reduced ability to absorb shocks, keeping prices biased higher in the near term unless a meaningful wave of restarts materialises.
Read full story:
Update: China PE supply tightens sharply in Q2 2026 as outages and closures peak
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Producer hike lifts Indonesia prices as feedstock disruptions persist despite oil market tumbling
Indonesia’s polymer market is caught in a widening disconnect between falling crude and firm domestic pricing. A local producer’s price hike emphasizing how feedstock disruptions and constrained operating rates are sustaining tight availability, even as global oil benchmarks retreat on easing geopolitical tensions.
Yet the market is showing early signs of resistance. Elevated import costs, currency weakness, and persistent supply frictions are keeping the floor intact, but downstream demand is turning increasingly selective, with converters unable to pass through higher costs and instead selling to other converters to recover margins.
Read full story:
Indonesian major lifts pricelist despite crude oil drop amid market tug-of-war
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