Morning Briefing - 03 August 2026

MORNING BRIEFING

CommoPlast                     Monday, 03 August 2026

                                                                                                                             commoplast.com

MARKET MOVEMENT

Closing prices, previous trading day. Monomers show direction only.

TODAY’S DEVELOPMENTS

PLANT ·  SOUTH KOREA

Lotte-Hyundai JV locks in sweeping capacity cuts ahead of September launch

Lotte Chemical and HD Hyundai Chemical are finalising their Daesan joint venture, H&L ADVANCED, backed by a sizeable state support package and fresh capital injections from both parents as the entity heads toward commercial launch. The tie-up centres on a major rationalisation of upstream assets, with one parent's cracker being taken offline, reducing the group's active ethylene and propylene production.

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Lotte-Hyundai finalize joint venture ahead of September launch, slashing active Daesan capacity

POLYMERS ·  INDONESIA

Supply outlook gets early relief as major producer restarts line ahead of schedule

Distribution market’s pricing across Indonesia's PP and PE markets is starting to diverge, with one grade pulling ahead on a supply squeeze that's proving harder to shake than expected. Domestic levels are holding steadier for now, but the gap between domestic and distribution is widening in a way that's catching traders' attention. Not every grade is being read the same way, with sentiment split on how much further this move has legs. Buyer behaviour is shifting too, with some players notably pulling back from fresh stock-building. The next move likely hinges on how buyers respond in the coming days, and that response looks set to separate the grades that hold from the ones that don't.

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