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MORNING BRIEFING

CommoPlast                     Friday, 10 July 2026

                                                                                                        commoplast.com

MARKET MOVEMENTS

Closing prices, previous trading day. Monomers show direction only.

TODAY’S DEVELOPMENTS

PET BOTTLE · CHINA

China PET export level holds as crude-driven rally steadies

Chinese PET bottle export offers have stabilised just below the $1,000/ton mark, a day after a sharp jump in upstream futures sent quotes surging off their early week lows. The bounce continues to track crude and feedstock movements closely, with suppliers adjusting quotes in step with the broader energy complex rather than any shift in underlying demand.

Overseas buyers have grown more active with inquiries, but that interest has yet to translate into confirmed bookings at the higher levels. Domestically, the picture remains softer, with the off-peak lull keeping a lid on spot values even as futures firm. For now, the market's next move looks tied more to crude than to fundamentals, so all eyes stay on whether $1,000/ton finally breaks and holds.

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Chinese PET export offers stabilise on feedstock rebound but macro uncertainties restrict confidence

POLYETHYLENE ·  VIETNAM

Vietnam PE market shows early signs of life as domestic LLDPE stages a rebound

Vietnam's PE market is slowly showing signs of a rebound, with domestic LLDPE staging the clearest turnaround this afternoon after eight straight weeks of decline. Values moved up on average by roughly $20-40/ton, though converters stayed cautious, favouring small volume purchases even as their willingness to negotiate improved.

The bounce might be drawing extra weight from fresh escalation between the US and Iran, with word spreading that a major South Korean producer has quietly pulled its PP and PE offers to Vietnam altogether, a move that might not directly impact the Vietnamese LLDPE market but could still filter through sentiment across other PE grades. That kind of move rarely happens without reason, and traders are taking note. Whether this marks the start of a broader recovery for the regional polyolefin markets or just a pause in the slide will depend on how converters behave once the dust settles.

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Country
China  Vietnam 

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