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Morning Briefing - 16 August 2024 Brent: $81.04 (+ $1.28) WTI: $78.16 (+ $1.18) Naphtha CFR Japan: - $8 buff.ly/4fiftpV ____________________________________________________________________ A major Malaysian producer opened September PE shipment offers to Vietnam with reductions of $60/ton on LDPE and $20/ton on HDPE compared to the previous month. The adjustment reflected the persistent weakness in demand across Southeast Asia, yet, the latest offers were nowhere near attractive to Vietnamese customers. Apparently, there is a $190/ton gap between the Malaysian LDPE film offer and the latest deals for Saudi Arabian materials, a discrepancy that Vietnamese customers find hard to justify. Consequently, several buyers are considering skipping purchases of Malaysian PE this month to avoid potential price risks. ____________________________________________________________________ In a significant development, Long Son Petrochemical (LSP) has restarted its naphtha cracker in Southern Vietnam and is now focused on stabilizing the operating rates. Trial runs for the downstream PP and PE units are set to begin later this month, contingent on the cracker achieving steady outputs. In its quarterly financial report, LSP's parent company, SCG Thailand, announced plans to commence commercial production at the Vietnam petrochemical complex in October. This follows a series of delays and disruptions that have impacted the project timeline. ____________________________________________________________________ Follow us on CommoPlast Official Telegram Channel for more: https://buff.ly/3Sj1PJu

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Who doesn't love saving time? Here's how Schneider FreightPower saves you time on your next freight quote. Watch this quick demo to see it in action: http://sndr.pro/4B

Who doesn't love saving time? Here's how Schneider FreightPower saves you time on your next freight quote. Watch this quick demo to see it in action: http://sndr.pro/4B

Who doesn't love saving time? Here's how Schneider FreightPower saves you time on your next freight quote. Watch this quick demo to see it in action: http://sndr.pro/4B