The plastic resin market (PP, PE, PET, PVC…) in Week 2 of June 2026 is showing mixed signals between the global market and Vietnam’s domestic market.
While international freight rates and geopolitical risks continue to put pressure on import costs, Vietnam’s domestic resin market is facing clearer downward pressure due to abundant supply, stronger price competition, and cautious buying sentiment.
Kanetora highlights several key market movements this week:
⚠️ 1. Domestic PP: Abundant supply, faster price reductions across several grades
The domestic PP market recorded stronger downward pressure this week, especially for homo PP grades.
Supply from local producers such as NSRP and BSR continued to weigh on the overall price level. Some PP copolymer, random, and coating grades were also adjusted down quickly by domestic sellers to push volume and compete with imported materials.
👉 Key takeaway: supply is no longer as tight as in the previous period, while buyers are still waiting for better price levels. As a result, actual transactions remain relatively slow.
💧 2. Domestic PE: Supply remains ample, price competition stays strong
For PE, the domestic market continues to see relatively abundant supply.
Price pressure remains strong across several grades due to:
- Continued adjustments in imported cargo offers
- Stronger competition among domestic traders
- Buyers focusing mainly on short-term demand
- Market participants waiting for clearer international price signals
👉 Although Middle East tensions remain a factor to monitor, Vietnam’s PE market is not currently reflecting a shortage situation. Instead, the market is mainly driven by price competition and inventory control.
♻️ 3. PET: Raw material costs edge up, but selling prices remain weak
The domestic PET market has not yet seen strong upward momentum.
Although raw material costs have shown slight increases, PET prices remain weak as end-user demand has not recovered strongly enough and competition among different supply sources remains high.
Some imported cargoes continue to offer competitive pricing, giving buyers more options and reducing the urgency to secure large volumes.
👉 PET is clearly reflecting a market situation where costs are under pressure, but selling prices are not yet able to follow.
🚢 4. Global market & logistics: Higher freight costs have not fully lifted domestic prices
In the global market, container freight rates continued to rise in June, especially on Trans-Pacific and Asia–Europe routes.
However, the impact on Vietnam’s domestic resin market remains uneven due to:
- Existing cargo availability in Vietnam
- Domestic suppliers pushing sales
- Buyers avoiding large inventory positions
- Actual demand not strong enough to trigger a new price rally
👉 Therefore, although logistics costs remain an important risk factor, domestic resin prices are currently influenced more by competition than by upward cost pressure.
❄️ 5. Market sentiment: Prices are softer, but buyers are not rushing to bottom-fish
The key theme of this week is slow liquidity.
Buyers are generally choosing to:
- Purchase in smaller volumes based on real orders
- Avoid building large inventories
- Compare domestic and imported materials carefully
- Wait for further price signals in the second half of June
👉 This creates a unique market situation: supply is improving, prices are softer, but purchasing activity remains cautious.
🚀 KANETORA’S VIEWPOINT:
The plastic resin market in Week 2 of June 2026 is shifting from “supply concern” to “sales competition.”
For manufacturers, this is a period where each resin grade needs to be monitored separately instead of viewing the entire market under one general trend.
Businesses should:
✔ Track PP, PE, PET prices by grade and supply source
✔ Compare domestic and imported materials flexibly
✔ Split procurement plans to reduce the risk of further price adjustments
✔ Prioritize available cargoes with fast delivery and stable quality
✔ Continue monitoring freight rates, crude oil prices, and Middle East developments in the coming weeks
📩 Which plastic resin grade are you currently tracking: PP, PE, PET, PVC, or other specialty grades?
Leave a comment or contact Kanetora for updated market information and suitable sourcing advice.
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