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Morning Briefing - 30 June 2026Propylene values have now fallen consecutively in more than 2 months, and traders say the gap between production costs and prevailing offers has narrowed to a point where sellers are running out of room to absorb further losses. |
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MORNING BRIEFING
CommoPlast Tuesday, 30 June 2026
commoplast.com
MARKET MOVEMENTS
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Brent CRUDE · $/BBL |
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WTI CRUDE · $/BBL |
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73.15 |
70.75 |
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▲1.16 |
▲1.52 |
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▲ Naphtha CFR JAPAN |
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▼ Ethylene CFR NEA |
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▼ Ethylene CFR SEA |
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— Propylene FOB KOREA |
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— Propylene CFR CHINA |
Closing prices, previous trading day. Monomers show direction only.
TODAY’S DEVELOPMENTS
PRICE LIST · INDONESIA
Indonesian major splits price moves as PP and PE diverge
Indonesia's leading producer split its pricing direction to start the trading week, nudging up LLDPE after three straight months of declines while slashing PP and HDPE grades by triple digits per ton. The LLDPE adjustment marks an attempt to halt a steep multi-month slide, but buyers are largely dismissing the move, with cash deals already trading well below the new official list as import competition keeps pressure on regional values.
PP and HDPE cuts point to a sharper story, with converters citing finished goods orders down by more than half and warehouses backed up with unsold stock.
Read full story:
Indonesian producer raises LLDPE to stabilize market, but cuts PP and HDPE as demand drops
POLYPROPYLENE · ASIA
Asian PP market loses its last pillars of support
The Asian PP market has shifted decisively lower as the three forces that had kept prices firm, feedstock costs, supply discipline and buyer confidence, have all started to unravel at once. Propylene values have now fallen consecutively in more than 2 months, and traders say the gap between production costs and prevailing offers has narrowed to a point where sellers are running out of room to absorb further losses.
Supply is loosening further as a wave of Chinese capacity returns from maintenance, while buyers across Southeast Asia remain well stocked and unwilling to chase replacement cargoes lower. Domestic producers have responded by defending volumes over margins, and each round of cuts has only reinforced expectations of more declines to come.
Read full story:
Three pillars crumble: cost floor, supply discipline and buyer appetite desert Asian PP
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