economy
Despite these losses, prices found some support due to escalating tensions in Eastern Europe, which heightened concerns over potential supply risks from the region. A weakening US dollar also helped cushion the decline
plant
The company has reported losses for 10 consecutive quarters, with a net loss of RM246.42 million recorded in the third quarter ending September 30, 2024 (3QFY2024). In its filing to Bursa Malaysia, the company projected its annual operating rate to stabilize between 55% and 60% for FY2024.
economy
Meanwhile, the Asia-Europe trade lane has experienced a sharp increase in freight costs, with rates climbing by approximately 30% since early November. To reflect heightened demand, carriers have introduced General Rate Increases (GRIs), with some aiming to push December rates above $6,000/FEU.
plant
The maintenance shutdown, originally scheduled for November, was postponed due to a substantial backlog of orders. As the South Korean plant going off-stream, Hyosung is said to rely on its sister facility in Vietnam to partially fulfill contract obligations.
Get daily prices along with industry leading opinions
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 7,528 +71 | 8,454 +166 | 5,282 +6 |
| Close (USD/ton) | 920 +10 | 1,033 +23 | 646 +1 |
| Volume | 311,191 +11351 | 607,142 +59798 | 942,391 +11385 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
|||
| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 6,828 +86 | 4,876 +34 | 4,622 +66 |
| Close (USD/ton) | 835 +12 | 596 +5 | 565 +9 |
| Volume | 109,081 -4140 | 1,170,000 -40000 | 249,305 +8078 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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