Morning Briefing - 15 July 2026

Farid Muzaffar CommoPlast Asia Sdn Bhd

Indonesia's polyolefin market has snapped from bearish to bullish in a single trading day, with the domestic producer cutting prices on Monday before issuing two successive hikes on Tuesday.

MORNING BRIEFING

CommoPlast Wednesday, 15 July 2026

commoplast.com

MARKET MOVEMENTS

Brent CRUDE · $/BBL		WTI CRUDE · $/BBL
84.73		79.34
▲1.43		▲1.20

▲

Naphtha

CFR JAPAN

▲

Ethylene

CFR NEA

▲

Ethylene

CFR SEA

▲

Propylene

FOB KOREA

▲

Propylene

CFR CHINA

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

TODAY’S DEVELOPMENTS

PP & PE · INDONESIA

Indonesian market whipsaws as producer reverses course within 24 hours

Indonesia's polyolefin market has snapped from bearish to bullish in a single trading day, with the domestic producer cutting prices on Monday before issuing two successive hikes on Tuesday. The reversal tracks Brent crude's push past $85 a barrel, its highest since 17 June, which has fed through to feedstock costs and boosted producer confidence, while offers reportedly thinned out fast and available volumes stayed limited in the hours after the new price list went out. China and Vietnam are showing similar upward momentum, lending the move some regional credibility, though Malaysia remains comparatively soft on healthy inventory positions among producers and converters.

Read full story:

Indonesian major executes sharp PP, PE price reversal following crude rally

Indonesian major swings from cut to a double hike in a day, marking a turning point for regional PP and PE markets

POLYETHYLENE · MALAYSIA

Malaysia's LDPE market tightens as Petlin outage strikes again

Malaysian major, Petlin has unexpectedly shut its LDPE plant in Kerteh. The outage follows closely on the heels of a restart just weeks earlier after an extended maintenance turnaround, and sources say the back-to-back disruptions have significantly constrained Petlin's output, leaving it struggling to meet contractual commitments to buyers in both Malaysia and Indonesia.

Read full story:

Malaysia's Petlin enters unplanned LDPE shutdown, tightening July supply

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Country
China Indonesia Malaysia Vietnam

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