Morning Briefinf - 39 July 2026
MORNING BRIEFING
CommoPlast Thursday, 30 July 2026
commoplast.com
MARKET MOVEMENT
|
Brent CRUDE · $/BBL |
|
WTI CRUDE · $/BBL |
|
90.74 |
84.46 |
|
|
▲6.65 |
▲5.20 |
|
▲ Naphtha CFR JAPAN |
|
— Ethylene CFR NEA |
|
— Ethylene CFR SEA |
|
▲ Propylene FOB KOREA |
|
▲ Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show direction only.
TODAY’S DEVELOPMENTS
POLYETHYLENE · VIETNAM
Vietnam's LLDPE film market defies the broader energy complex sell-off
Vietnam's import LLDPE film market is proving unexpectedly resistant to a sharp pullback in the crude complex, with overseas offers standing their ground even as buyers pull back from the table. Yet, the real strain is emerging elsewhere, with signs of softening surfacing further down the supply chain as certain local trading houses move to take profit on their position ahead of incoming cargoes. Suppliers, for now, show little inclination to budge, which leaves a widening divergence between how the import and domestic layers of the market are behaving.
Read full story:
Vietnam's import LLDPE film market steadies despite energy rout, domestic market cracks emerge
POLYMERS · UNITED ARAB EMIRATES
Asian refiners scramble for Gulf crude as ADNOC premiums climb
Asian buyers are paying up for Gulf crude as supply disruptions tied to the renewed US-Iran conflict tighten flows through the Strait of Hormuz, with ADNOC's latest tender drawing strong demand across multiple grades at firm premiums. Refiners across India, China, and Japan have moved to secure barrels for delivery in the coming months, underscoring how quickly buying urgency has returned even as shipping routes remain constrained. The producer has leaned on alternative logistics to keep cargoes moving, though overall export volumes remain well below levels seen before the conflict began.
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