LTN
March 23, 2026 自由時報

Middle East tensions boost oil prices

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The Middle East conflicts are causing volatile international oil prices, leading to a surge in plastic prices. Taiwan Group is leading the market, with its stock reaching a high of 16.55 yuan, and is prioritizing domestic industries and existing fixed customers. The company is also diversifying its product offerings, focusing on solar energy and EVA markets, and planning to expand into Southeast Asian and Indian markets.
Here is the translation: The Middle East tensions are escalating and are affecting the plastic stock market, with the Taiwan Group taking the lead. (Source: Official website) [Reporter Zhang Huiyan / Taipei Report] The Middle East conflicts are ongoing, and the international oil prices are volatile, causing the plastic prices to surge. Today, the Taiwan Group led the pack with all its subsidiaries lighting up, with Taiwan Group (1304) reaching a high of 16.55 yuan, with a trading volume of over 420,000 shares. Taiwan Group held a meeting last week, stating that it has enough inventory to meet about 40 days of demand, actively purchasing from the spot market, and since the US-Iraq conflict started, it has been selling to domestic customers at a discounted price and only supplying to fixed customers. According to upstream supply conditions, it can ensure a stable supply to fixed customers for at least 3-4 months. The company will prioritize supporting domestic industries and existing fixed customers. Regarding future development, Taiwan Group is developing differentiated products, focusing on solar energy and EVA markets, and is also planning to develop new products in cooperation with customers, as well as expanding the Southeast Asian and Indian markets. Notable is that last week, foreign investors sold 52,225 shares of Taiwan Group, and self-operated traders bought 352 shares, with the major players also selling 4,863 shares. The selling was mainly done by KBK Taipei and United, and investors should pay attention to the company's dynamics.
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