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Morning Briefing - 7 July 2026Against most market expectations, a leading Indonesian producer extended price reductions further this week, with certain grades seeing some of the sharpest cuts in months as the domestic major moves to defend share against incoming cargoes. |
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MORNING BRIEFING
CommoPlast Tuesday, 7 July 2026
commoplast.com
MARKET MOVEMENTS
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Brent CRUDE · $/BBL |
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WTI CRUDE · $/BBL |
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71.99 |
68.55 |
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— |
— |
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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
PRODUCER’S PRICE LIST · INDONESIA
Indonesian PP and PE slide further as producer tries to defend market share
Against most market expectations, a leading Indonesian producer extended price reductions further this week, with certain grades seeing some of the sharpest cuts in months as the domestic major moves to defend share against incoming cargoes. The lower official levels have yet to reach the physical market, however, with holders of existing stock still commanding premiums over the new list.
That disconnect has left buyer sentiment mixed, with early interest at the revised prices cooling once delivery realities became clear. Sources also flagged a possible policy shift on the horizon that could further sharpen import competitiveness, adding urgency to the producer's pricing strategy.
Read full story:
Indonesia’s major moves early to secure Q3 sales as price erosion deepens
POLYETHYLENE · VIETNAM
Vietnam’s LDPE imports unwind sharply as Hormuz risk premium evaporates
Vietnam's LDPE film import market is undergoing a rapid reversal after peaking earlier this year, with regional offers now leading a steep slide as war-risk premiums built up during the Hormuz Strait crisis unwind in full. The correction has been sharpened by the resurgence of Iranian supply following a shift in US sanctions policy, adding a heavy volume overhang just as competing origins scramble to defend share.
Domestic distributors have moved just as quickly, marking down spot quotes and taking losses to clear inventory bought at higher replacement costs. Downstream buyers, meanwhile, have pulled back to minimal hand-to-mouth purchasing rather than rebuild stock into a falling market. With multiple suppliers still undercutting one another and no clear floor established, further downside looks likely unless offers stabilize near levels buyers now see as attractive for renewed restocking.
Read full story:
Post-war premium unwinds as deep-sea influx drags Vietnamese LDPE Film market to fresh lows
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