Morning Briefing - 10 September 2026
MORNING BRIEFING
CommoPlast Thursday, 10 September 2026
commoplast.com
MARKET MOVEMENT
|
Brent CRUDE · $/BBL |
|
WTI CRUDE · $/BBL |
|
101.21 |
96.05 |
|
|
▲3.29 |
▲3.02 |
|
▲ 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
PRICE LIST · INDONESIA
Indonesian producer pushes through third PE and PP hike this week
Indonesia's domestic producer extended its pricing push towards the end of the week, rolling out a second hike on Wednesday and a third on Thursday. Cumulative increases since the Wednesday’s hike now total IDR 710,000–890,000/ton for PE and IDR 350,000–360,000/ton for PP, with PP rolled over for the second round, giving buyers a brief pause before the producer resumed hikes on the third round.
With Brent now trading above $100/barrel and prompt cargo availability in the domestic market running tight, the upward push looked all but inevitable. Further upside looks more likely than a near-term pullback unless demand pushes back harder or crude eases.
Read full story:
PLANT · CHINA
BASF's Zhanjiang outage offers brief reprieve in a wave of upcoming capacity additions
China's PE market faces a fresh pocket of localized tightness after BASF confirmed an unplanned shutdown at its Zhanjiang swing unit, The stoppage pulls a flexible South China line offline just as converters head into the fourth quarter restocking cycle, though the restart timeline carries real risk given it hinges on feedstock availability at the integrated complex.
The timing is notable because it lands against a wave of incoming PE capacity, due to ramp through year-end from projects including PetroChina Tarim II, Baofeng Energy IV, and Fujian Gulei II. Against that backdrop, the outage offers sellers a temporary cushion rather than a structural shift in the supply picture.
The key swing factors to track are how quickly new capacity ramps to nameplate rates and whether ethylene constraints push BASF's restart past the restocking cycle, either of which would reshape how much breathing room converters actually get in the coming quarter.
DON’T READ IT LATE
Get the briefing first on Telegram: https://t.me/commoplast
Your empowering market insight site.