Morning Briefing - 24 June 2026

MORNING BRIEFING

CommoPlast                     Wednesday, 24 June 2026

                                                                                                                             commoplast.com

MARKET MOVEMENTS

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

TODAY’S DEVELOPMENTS

PP & PE · MALAYSIA

Malaysia PP and PE markets brace for further cuts

Malaysian PP and PE markets are heading into July under broad-based downward pressure, with buyers widely expecting a major domestic producer to announce significant price reductions when its official July lists are released in the coming days. A sharp feedstock selloff triggered by the US-Iran ceasefire and Strait of Hormuz reopening has erased much of the geopolitical risk premium embedded in upstream markets throughout the conflict period, pulling propylene and ethylene values sharply lower across the region.

Demand headwinds are compounding the bearish tone, as converters continue drawing down inventories accumulated during precautionary buying earlier in the year, with the packaging sector's off-peak season offering little incentive to restock. Supply conditions have also loosened, with increased spot availability from multiple origins entering the regional market alongside improving domestic output.

Read the full story:

Weaker upstream, rising supply set Malaysia’s PP and PE markets up for a soft July

POLYETHYLENE ·  CHINA

Import LLDPE in China hit four-month low as US cargoes flood market

China's import LLDPE film market touched a four-month low this week as aggressively priced North American cargoes continued to weigh on sentiment, pulling prices back toward pre-conflict levels and reigniting debate over whether the market is approaching a cyclical floor. The correction has been driven largely by mounting pressure among overseas suppliers to liquidate inventories accumulated during the period of heightened Middle East risk, with US and Canadian offers consistently undercutting competing origins and leaving other suppliers increasingly exposed.

Read the full story:

US LLDPE film slumps to test China’s pricing floor, prompting selective buying

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