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Morning Briefing - 6 July 2026China's PVC market continued to soften last week even as production curtailments in Inner Mongolia offered a rare supply-side lifeline, with demand across both domestic and export channels too weak to absorb the reduced availability. |
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MORNING BRIEFING
CommoPlast Monday, 6 July 2026
commoplast.com
MARKET MOVEMENTS
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Brent CRUDE · $/BBL |
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WTI CRUDE · $/BBL |
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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
PET · INDONESIA
Indonesia PET correction deepens despite currency headwind
Indonesia's PET market extended its weekly decline, with both domestic and imported offers moving lower even as rupiah weakness would typically have offered some support to local pricing. Import competition is understood to be the dominant driver, with sellers said to be absorbing significant losses to keep cargoes moving and more competitive Chinese material continuing to weigh on the ceiling for domestic offers.
Traders holding local material report difficulty matching the pace of import cuts, while downstream converters are said to be holding back on forward orders in hopes of near-term stabilization.
Read full story:
POLYVINYL CHLORIDE · CHINA
Weak demand overrides supply curbs in China's PVC market
China's PVC market continued to soften last week even as production curtailments in Inner Mongolia offered a rare supply-side lifeline, with demand across both domestic and export channels too weak to absorb the reduced availability. Carbide-based grades bore the steeper losses, while a weaker yuan sharpened export competitiveness but also intensified competition between carbide and ethylene-based cargoes, eroding pricing support more broadly. Domestic inventories drew down on the back of the curtailments rather than genuine demand recovery, leaving the move without its usual bullish signal. Export buyers stayed cautious despite a short-term extension of India's import duty waiver, with the brevity of the relief doing little to unlock fresh purchases.
Read full story:
China PVC extends decline despite production cuts as demand erosion overwhelms supply-side support
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