International PP & PE offers drop by $20/ton to $60/ton

China Market

Lower Offers Set for January:
Saudi producer reduced PE and PP offers for China for January, with LDPE and LLDPE cut by $60/ton and HDPE and homo-PP raffia by $20/ton.

Prices and Terms:
January shipment prices are $900/ton for LDPE film, $760/ton for LLDPE film, $810/ton for HDPE film, and $750/ton for homo-PP raffia, all CIF China, cash basis.

Market Sentiment and Conditions:
A shortened trading week and limited volumes have kept import offers low, domestic prices are falling, and activity remains muted, supporting a bearish outlook.

Vietnam Market

Market Decline Continues:
Local PP and PE prices in Vietnam declined further at the end of 2025 despite a slight year-end demand pickup, mainly due to ample supply from operations like Long Son.

Demand and Supply Dynamics:
Slight demand improvement was noted, but high domestic supply kept prices under downward pressure, with discounts for year-end replenishment.

HDPE Film Resilience:
HDPE film maintained relative strength due to limited supply from a major Saudi producer, keeping prices higher compared to other PE grades.

Price Levels:
A major Saudi Arabian producer revealed their January PE offers offers to Vietnam with decreases of $30/ton for LDPE film, $10-20/ton for LLDPE film, and $10/ton for HDPE film compared to December.

Malaysian Market

Downward Price Trend:
The Malaysian producer announced January PP and PE offers, marking the fifth consecutive month of price reductions.

PE Price Reductions:
PE prices decreased by $50/ton across all grades except HDPE inj., with deeper cuts compared to PP grades.

PP Price Changes:
Homo-PP raffia and film prices were $25/ton lower, while PPRC inj. dropped by $50/ton; PPBC inj. was absent.

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