#HatNhua #PE #PP #PVC #PET #PS #ABS #HDPE #HoaChat #CongNghiepNhua #ThiTruongDongNamA
Is this just a short-term adjustment or a signal that the Southeast Asian plastic industry is entering a new cycle of decline, forcing many businesses to cut production?
The Southeast Asian plastic resin market has just gone through a week full of pressure when most key raw material lines decreased in price. In the context of weak consumer demand, high inventory and supply from China continuing to flood the region, many suppliers are forced to lower prices to find orders.
PRICE FLUCTUATION TABLE WEEK 23/2026
Category Reduction level
PE -30 USD/ton
PP -30 USD/ton
HDPE Blow -35 USD/ton
PS -30 USD/ton
PET -30 USD/ton
PVC -10 USD/ton
ABS -35 USD/ton
Conversion for reference is about 26,000 VND/USD
Category Equivalent reduction
PE is about 780,000 VND/ton
PP is about 780,000 VND/ton
HDPE Blow is about 910,000 VND/ton
PS is about 780,000 VND/ton
PET is about 780,000 VND/ton
PVC is about 260,000 VND/ton
ABS is about 910,000 VND/ton
PE AND PP ARE UNDER THE HEAVIEST PRESSURE
Polyethylene PE and Polypropylene PP continue to be the focus of market price decline.
The main reason comes from the large inventory in Vietnam and strong competitive supply from China. Many businesses producing packaging, household plastic and industrial plastic only buy according to actual orders instead of storing raw materials as before.
This causes selling pressure to increase while demand has not recovered accordingly.SUPPLY IS FAR OUTSIDE DEMAND
Impact Factor
High inventory Price reduced
Low-priced Chinese goods Prices are reduced
Weak consumer demand Prices fall
Buyers wait for lower prices. Trading is slow
Output costs are unlikely to increase. Profits decrease
PVC DECREASES SLOWER THAN THE MARKET
PVC only decreased by about 10 USD/ton, significantly lower than PE and PP.
The reason is that trading activities remain relatively stable thanks to demand from the construction and civil materials industries. However, pressure from Chinese supply is still present and may cause prices to continue to be under pressure in the near future.
PS AND ABS ARE STILL NOT ESCAPE FROM DIFFICULTIES
Polystyrene PS and Acrylonitrile Butadiene Styrene ABS continue to record negative developments.
Manufacturers of home appliances, electronic components and engineering plastics still maintain a cautious mentality. Meanwhile, many suppliers have had to offer deep discounts to stimulate transactions, but the effect has not been obvious.
ABS is the item with the strongest decrease along with HDPE Blow with a decrease of up to 35 USD/ton.
HOW CHINA IS INFLUENCEING THE MARKET
China is currently the biggest impact factor on regional plastic resin prices.
Competitively priced supply from Chinese factories is continuously pushed to Southeast Asia in the context that domestic consumption has not really recovered. This puts direct pressure on manufacturers in Vietnam, Thailand, Indonesia and Malaysia.
SHORT-TERM TREND ASSESSMENT
Trend Factor
Weak consumer demand
Supply High
High inventory
PE Price Decreases
PP Price Reduced
PVC Price Reduced Slightly
ABS Price Drops Sharply
Outlook for the next quarter Tregretful
In general, the Southeast Asian plastic resin market is still in the defensive phase. As buyers continue to wait for lower prices and supply shows no signs of tightening, the possibility of a strong recovery in the short term is still quite low. Plastic manufacturing businesses may benefit from reduced raw material costs, but competitive pressure and weak output demand remain huge challenges for the rest of 2026.
#GiaHatNhua #ThiTruongNhua #PE #PP #HDPE #PVC #ABS #PET #CongNghiepNhua #NguyenLieuNhua #KinhTe #SanXuat #TimKiemTop
