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Southeast Asia MDI Weekly Report - Sample (20221007-20221014)
October 24, 2022    [Source:PUdaily]

Manufacturing Purchasing Managers' Index (PMI)

Southeast Asia

In September, the Southeast Asia Manufacturing PMI moved up to 53.5%, 1.2% higher than the previous month, and the highest level since October 2021. The epidemic situation in many countries in Southeast Asia is stable, the recovery of production and demand is accelerating, and the regional economy is showing signs of continuous improvement, with output in the manufacturing sector is stabilizing and the decline in new orders is narrowing, and the purchasing managers' index (PMI) continues to rise. Furthermore, Manufacturing PMI in Thailand and Indonesia increased to varying degrees compared with the previous month.

China

In September, China's manufacturing purchasing managers' index (PMI) was 50.1 per cent, up 0.7 per cent from the previous month. With the continuous promotion of China's stable economic policy, the manufacturing industry maintained the momentum of recovery, and both supply and demand rebounded, basically facing good development. In addition, the impact of high-temperature weather has receded, manufacturing prosperity has warmed up, and PMI has returned to the range of expansion.

Figure 1 Southeast Asia & China Manufacturing Purchasing Managers' Index (PMI) Comparison in 2021-2022 (%)

Notes:

  1. If PMI above 50 percent, it reflects the overall economy is expanding; if less than 50 percent, it reflects the overall economy is in recession.
  2. Source: Markit, National Bureau of Statistics of People’s Republic of China.

 

Spot Market 

Market Overview

1. The mainstream offers of PMDI in Southeast Asia stand around USD 1,850-1,900/tonne(CIF) from October 17 to October 21, keeping flat week-on-week.

2. The mainstream offers of MMDI in Southeast Asia stand around USD 2,300-2,400/tonne(CIF) from October 17 to October 21, remaining flat week-on-week.

3. Demand for automotive turns better, with other downstream lukewarm based on Global inflation, supply chain shortages, international situation.

 

Click here for a sample:

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