Morning Briefing - 2 July 2026

MORNING BRIEFING

CommoPlast                     Thursday, 2 July 2026

                                                                                                                             commoplast.com

MARKET MOVEMENTS

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

TODAY’S DEVELOPMENTS

POLYPROPYLENE · SOUTHEAST ASIA

Chinese PP export offers to Southeast Asia slip further despite firmer futures

Chinese polyolefin export prices into Southeast Asia extended their slide even as PP and LLDPE futures on the Dalian Commodity Exchange rebounded, as sellers cut price lists aggressively to defend market share ahead of July shipments. Homo-PP on FOB China terms, has now fallen for three consecutive weeks to below $1,000/ton, while elevated inventory across Southeast Asian converters continues to cap buying interest as the region works through stock built up during earlier demand-driven purchasing.

The move has been sharpened by congestion at a major Saudi complex diverting cargoes elsewhere, alongside a steep cut to a key regional feedstock benchmark and a prolonged pullback in propylene. With costs still soft and Saudi supply threatening to redirect back into Asia, sentiment points to continued downward pressure on Chinese export offers in the near term.

Read full story:

Chinese PP and PE exports to Southeast Asia impacted by lingering reverberations from Hormuz disruptions

POLYPROPYLENE ·  ASIA

New African PP supply diverts into the region amid bloated market concerns

A major African producer is redirecting export volumes into Southeast Asia after geopolitical disruption to traditional Atlantic shipping routes made Western outlets uneconomical. Initial homo-PP yarn indications have surfaced well below prevailing regional levels, with traders lowering minimum lot sizes to stimulate liquidity while local buyers push back with even more aggressive bids.

The volume lands in a region already grappling with a weak backdrop, and its arrival threatens to add a meaningful structural surplus to an already oversupplied market.

Read full story:

Dangote commercial run accelerates as prime West African PP cargoes penetrate Asian markets

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