|
|
Morning Briefing - 31 July 2026PET bottle export offers from China eased this week, giving back recent gains as a sharp swing in upstream feedstocks stripped away cost support faster than spot trade could keep pace. |
|
MORNING BRIEFING
CommoPlast Thursday, 31 July 2026
commoplast.com
MARKET MOVEMENT
|
Brent CRUDE · $/BBL |
|
WTI CRUDE · $/BBL |
|
89.03 |
83.59 |
|
|
▼1.71 |
▼0.87 |
|
▲ 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
PET BOTTLE · CHINA
Chinese PET export offers retreat as feedstock volatility overwhelms cost support
PET bottle export offers from China eased this week, giving back recent gains as a sharp swing in upstream feedstocks stripped away cost support faster than spot trade could keep pace. A dramatic mid-week move through the crude and futures complex briefly rattled the market, and although prices clawed back some ground, sentiment remains shaky and buyers are staying cautious, limiting purchases to essentials amid the whiplash movement.
Read full story:
PLANT · MALAYSIA
Supply outlook gets early relief as major producer restarts line ahead of schedule
A tight regional HDPE market could catch a break in the coming weeks as a major Malaysian producer brought a key production line back online earlier than planned, offering some relief to a supply picture that remains stretched heading into next month. The early return follows favourable feedstock conditions, while converters are largely running on inventories that stretch only to month-end, making it highly plausible that a wave of restocking demand could emerge shortly.
Read full story:
Update: Lotte Chemical Titan brings HDPE line back early as August supply outlook stays tight
DON’T READ IT LATE
Get the briefing first on Telegram: https://t.me/commoplast
Country
Malaysia
About CommoPlast Asia Sdn Bhd
Your empowering market insight site.