|
|
Morning Briefing - 11 June 2026Vietnamese homo-PP cargoes have returned to the Chinese import market for the first time since January, redirected from Southeast Asian outlets after sellers struggled to place material regionally and were forced to cut offers before buyers engaged. |
|
CommoPlast
Morning Briefing
11 June 2026
Brent: $93.10 (+ $1.65)
WTI: $90.03 (+ $1.83)
Naphtha CFR Japan: á
Ethylene CFR NEA: Stable
Ethylene CFR SEA: â
Propylene FOB Korea: â
Propylene CFR China: â
*Data represent closing prices of the previous trading day
……………………………………………………………….
Vietnamese PP re-enters China as exporting outlets narrow
Vietnamese homo-PP cargoes have returned to the Chinese import market for the first time since January, redirected from Southeast Asian outlets after sellers struggled to place material regionally and were forced to cut offers before buyers engaged. The cleared price landed at a discount to domestic spot levels, and while a modest intraday rebound has since emerged, no fresh deals have been confirmed at the higher level. Homo-PP's sustained premium over HDPE and LLDPE in the domestic market has made China a more viable destination for competitively priced imports, but seasonal demand headwinds and price erosion fears are keeping buyers cautious
Read full story:
Vietnamese homo-PP cargoes re-enter China market as regional demand loses ground
________________________________________________________
India weighs duty exemption extension as feedstock crisis shutters polymer output
State mandates prioritising LPG output for household fuel reserves have cut feedstock supply to Indian polyolefin complexes, forcing a major domestic producer offline and triggering the cancellation of export contracts that had been booked at a significant premium to current spot levels. Regional buyers have benefited from the fallout, covering displaced volumes at cheaper prices now available across Southeast Asia. India is simultaneously weighing an extension of duty exemptions on key petrochemical intermediates beyond the 30 June expiration, with a Ministry of Finance decision expected before the deadline and likely to shift inbound cargo flows materially upon announcement.
Read full story:
________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Country
Indonesia
About CommoPlast Asia Sdn Bhd
Your empowering market insight site.
