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Morning Briefing - 04 November 2026A major Taiwanese PVC producer has raised its November export offers across Asia for a seventh consecutive round, but buyers remain reluctant to accept higher prices. |
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MORNING BRIEFING
CommoPlast Wednesday, 04 November 2026
commoplast.com
MARKET MOVEMENT
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Brent CRUDE · $/BBL |
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WTI CRUDE · $/BBL |
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103.60 |
96.09 |
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▼1.17 |
▼0.37 |
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▼ Naphtha CFR JAPAN |
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≈ Ethylene CFR NEA |
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▲ Ethylene CFR SEA |
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≈ Propylene FOB KOREA |
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≈ Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show price directions only.
TODAY’S DEVELOPMENTS
POLYVINYL CHLORIDE · ASIA
Taiwanese PVC producer's sixth November hike meets buyer resistance amid weak demand
A major Taiwanese PVC producer has raised its November export offers across Asia for a seventh consecutive round, but buyers remain reluctant to accept higher prices amid persistent weak end-product demand and more competitive alternatives.
Buying interest has remained subdued across the region. Indian market activity has slowed ahead of Diwali, while some Southeast Asian buyers have opted to stay on the sidelines after securing cargoes last week, for a much competitive alternative.
Supply constraints in Northeast Asia continue to lend support to prices, with feedstock shortages curbing regional operating rates and limiting Chinese export availability. However, the combination of seasonal weakness, poor end-product demand and competitive offers continues to undermine the producer's ability to pass through further increases.
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Taiwanese PVC major raises November offers yet Diwali lull and regional competition curb uptake
POLYPROPYLENE · CHINA
China's PP maintenance peaks in November as supply tightens towards year-end
China’s PP sector is moving through its heaviest maintenance window of 2026, as overlapping shutdowns at major facilities point to tighter domestic availability heading into year-end. The concentrated outages could lend some supply-side support at a time when feedstock costs are climbing, though soft downstream demand and buyers’ resistance to higher resin prices continue to cap producers’ pricing leverage.
Production losses are set to peak in November before easing into December, placing the heaviest strain on supply in the near term. Tighter prompt availability may spur pre-Lunar New Year restocking, but the return of idled capacity towards year-end could loosen supply conditions again, leaving the price outlook hinged on whether buying interest picks up.
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