Morning Briefing - 15 June 2026
CommoPlast
Morning Briefing
15 June 2026
Brent: $87.33 (- $3.05)
WTI: $84,88 (- $2.83)
Naphtha CFR Japan: â
Ethylene CFR NEA: â
Ethylene CFR SEA: â
Propylene FOB Korea: á
Propylene CFR China: á
*Data represent closing prices of the previous trading day
……………………………………………………………….
Indian PP supply tightens as outages spur cautious import buying
Unplanned outages at a major domestic producer, compounded by feedstock disruptions tied to ongoing Gulf shipping risks, have tightened India's PP availability and pulled in fresh import interest from South Korea and Vietnam at firming levels. Sellers report favourable netbacks redirecting cargoes toward India over China, with a Vietnamese supplier confirming it placed its full allocation at the upper end of its range.
Buying remains precautionary rather than a structural shift, with several participants still holding off pending clarity on domestic plant restarts and the fate of New Delhi's customs duty exemption on petrochemical intermediates due to lapse in June. With Gulf-linked supply risk unresolved and the duty decision pending, any sustained diversion of regional cargoes toward India could ease pressure across the broader Asian PP complex, keeping the market on watch for further import bookings in the near term.
Read full story:
India PP market ticks up on shortage precaution as domestic producers go offline
________________________________________________________
Indonesian PET extends bearish run as import parity drags prices lower
The market deepened its correction last week, with local prices now down a substantial margin from May highs as the import complex continues to unwind the risk premium built up during the second quarter supply shocks. Chinese-origin cargoes led the slide, with prompt offers falling sharply week on week even as spot inquiries picked up, though actual deals stayed limited to immediate needs. China-origin offshore offers also softened, reinforcing downward pressure on domestic price stability.
The decline is unfolding against unwinding Strait of Hormuz risk premiums in crude, leaving converters wary of holding high-cost stock even heading into peak summer demand. With bearish import parity and defensive buying still dominant, sellers look set to remain without pricing leverage in the near term, keeping the market biased lower until offshore values find a floor.
Read full story:
________________________________________________________
Follow us on CommoPlast Official Telegram Channel for more: https://t.me/commoplast
Your empowering market insight site.