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MORNING BRIEFING

CommoPlast                 Tuesday, 10 November 2026

                                                                                                                        commoplast.com

MARKET MOVEMENT

Closing prices, previous trading day. Asian monomer settlements are unavailable due to Deepavali celebrations.

TODAY’S DEVELOPMENTS

PRICE LIST · INDONESIA

Indonesia's major hikes face resistance as imports challenge offers

A major Indonesian polyolefin producer raised selected PE offers while keeping most PP prices stable, supported by tight prompt availability despite weaker crude oil prices. However, sluggish end-product demand and cheaper December-delivery cargoes are increasingly challenging its pricing stance.

Local trading houses in contrast have cut offers to attract buyers. Weak finished-product orders and squeezed converting margins have further discouraged replenishment, leaving buyers reluctant to accept the producer's latest prices.

Market participants are questioning how long the producer can defend its offers before December cargoes arrive. While limited ready stock could provide near-term support, competitive import offers and weak economics are likely to keep pressure on domestic prices, particularly yarn grades, heading into year-end.

Read full story:

Indonesian major holds firm on PP, raises PE despite growing buyer resistance

POLYPROPYLENE · CHINA

China homo-PP yarn export prices extend decline as energy market’s weakness prompts supplier concessions

Chinese homo-PP yarn export prices recorded a second consecutive weekly decline, extending a correction that has seen average prices fall 3% over two weeks. The retreat follows an 11-week rally that started in August. Suppliers afforded concessions to open the week in line with weaker crude oil prices, which closed on Monday at a 10-week low.

Domestic prices have followed the downward trend, adding to pressure on export offers. Market participants are watching whether prices will extend their decline by the end of the week, as buyers remain cautious and could hold back purchases in anticipation of further concessions.

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Country
China  Indonesia  Malaysia  Vietnam 

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