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Oil, Naphtha & Plastics Q4/2026: Industry Outlook and Thai Market Trends

Global Zinc Insight Q4 2026 — Supply Tightness, Demand Slowdown, and Leading Financial Institutions’ Perspectives By SO OK TRADING | October 1, 2026 Global zinc prices remain elevated, though they have entered a slight correction phase following the September peak season. As of October 1, 2026, zinc is trading at USD 3,819–3,821 per metric ton, down about 1% month‑on‑month, yet still more than 26% higher year‑on‑year. This reflects the persistent supply constraints across the global market. This analysis explores the bullish and bearish drivers shaping zinc prices, the latest developments in the LME and SHFE markets, and insights from leading financial institutions including JP Morgan, Goldman Sachs, and SMM. All three agree that despite slowing demand, zinc prices are expected to remain at high levels throughout Q4 2026, supported by tight supply and historically low inventories. Readers will gain a clear view of the expected price range of USD 3,400–3,950 per ton, the average forecast of USD 3,500–3,650 per ton, the impact of rising Asian premiums, and practical risk management strategies for Thai businesses in the non‑ferrous metals industry.

Global Aluminium Outlook October 2026 — Analysis by SO OK TRADING The global aluminium market (LME) has entered a short-term consolidation phase after a strong rally in the previous quarter. The latest spot price stands at $3,156.50 per ton, while the 3-month futures are quoted at $3,169.50 per ton. The spread of +$13 clearly reflects a Contango structure — signaling that supply is sufficient and there is no immediate rush for physical demand. Although prices have corrected to $3,170 per ton, the overall sentiment remains a “Buy on Dip” opportunity, as the market continues to face a structural supply deficit. Demand growth driven by the Green Transition — electric vehicles (EVs), solar energy, and renewable infrastructure — underpins the long-term bullish outlook. This analysis explores bullish drivers and risk factors, provides insights from leading global financial institutions, and outlines the price outlook for Q4 2026, enabling businesses and investors to craft confident procurement strategies in a market that remains strong yet volatile.

“The Copper Era Has Begun!” Global copper prices have surged to historic highs, reflecting the unstoppable momentum of the transition toward a green economy and future technologies. From electric vehicles (EVs) and renewable energy to AI data center infrastructure, copper is becoming the strategic asset powering the new century. In this analysis, SO OK TRADING takes you deep into the copper market outlook for 2026–2030, a period defined by a true Structural Bull Market. We also provide the latest update as of September 29, 2026, along with strategic insights for investors and industry players heading into the final quarter of the year. Get ready for insights you cannot afford to miss — because today, copper is no longer just a metal. It is the new energy of the global economy

In an era where the world is transitioning toward clean energy and future technologies, copper has emerged as the true strategic metal driving the global economy. China — the world’s largest consumer and smelter of copper — is now at the center, shaping both pricing and the global supply chain. From the Dexing Mine in Jiangxi Province to the Chating deposit in Anhui, China has built the most influential copper empire in Asia. At the same time, through mining giants such as Zijin Mining, Jiangxi Copper, and China Railway Group (CREC), China has expanded its influence globally, investing in copper projects from the Congo to South America. Meanwhile, the Yangshan Premium has surged to multi‑year highs, reflecting China’s genuine physical demand for copper and the tightening of supply in global markets. China is therefore not merely a “buyer” but has established itself as the game‑changer of the global copper market in the 21st century.

Gold Plunges! Global Good News Turns Into Bad News for Safe Haven SO OK TRADING | 28 September 2026 ✨ Introduction Global gold prices (Gold Spot) have dropped sharply by nearly $100 per ounce, breaking below the psychological level of $4,300 and moving within the range of $4,230–$4,270. This decline reflects multiple pressures: the U.S. Federal Reserve’s (Fed) hawkish stance, surging bond yields, a stronger dollar, and crude oil prices remaining elevated. Interestingly, what was seen as “good news for the global economy” — the trade agreement between the U.S. and China — has ironically become “bad news for gold.” As market risks eased, investors shifted back into risk assets, reducing demand for safe-haven assets like gold.

In a world rapidly accelerating toward clean energy and a low‑carbon economy, aluminum has emerged as a strategic metal driving the future of global industries — from electric vehicles (EVs) to renewable energy infrastructure and large‑scale AI data centers. Among the nations shaping this transformation, Russia stands out as a key player. With an annual production capacity of 3.5–4 million tons, accounting for 5–6% of global output, and led by UC RUSAL, Russia has become the cornerstone of the full‑scale transition into the era of Green Aluminum. Powered by Siberian hydropower and strengthened by world‑class innovations such as ALLOW and ALLOW INERTA, which reduce carbon emissions to near zero, Russia is not only a major producer but also a global standard‑setter in aluminum — at a time when every country must adapt to increasingly strict environmental regulations. This article by SO OK TRADING will take you deep into: The strength and potential of Russia’s aluminum industry The impact of war and sanctions reshaping global supply chains Market outlooks for both the global stage and Thailand between 2026–2030 And the critical role of the Green Transition in defining the future of the low‑carbon economy ✨ Aluminum Russia is not just about metal — it is about the future of a world economy driven by clean energy and sustainability. SO OK TRADING — FAST • SHARP • RELIABLE

Stalled Storms and Nationwide Flood Crisis – Disaster Warning 2026 SO OK TRADING | September 27, 2026 Thailand is currently facing severe heavy rainfall and widespread flooding caused by a strong low-pressure system stalled over the lower central region, including Bangkok and its metropolitan area. As a result, more than 21 provinces nationwide have already been affected. Bangkok is preparing to declare all 50 districts as disaster zones after continuous rainfall has overwhelmed the city’s drainage capacity. Although this situation is not as prolonged or devastating as the Great Flood of 2011, it has already caused widespread impacts on daily life, the economy, and transportation. Particularly, Bangkok, the central region, the eastern provinces, and the lower northeastern region are now under the highest level of alert. SO OK TRADING has compiled in-depth analysis and future outlook to provide a comprehensive overview of the situation, helping you stay informed and prepared. SO OK TRADING FAST • SHARP • RELIABLE Your Trusted Business Partner

Trade Truce & Global Tensions: US–China Summit September 2026 By SO OK TRADING | September 26, 2026 “From Trade Truce to the Fragile Balance of the Global Economy”

At the end of September 2026, global financial markets and the Thai baht are facing turbulence from multiple critical factors. The U.S. monetary tightening policy, crude oil prices surging above $100 per barrel, and continuous capital outflows from emerging markets have pushed the Thai baht down to 33.50 per U.S. dollar. Meanwhile, the meeting between the two world superpowers at the Trump–Xi Summit has become a pivotal turning point in geopolitics and the global economy. Signals of a “trade truce” and the intensifying rivalry in artificial intelligence (AI) highlight the deep interconnection between global economic dynamics and the trajectory of Thailand’s currency and capital markets. This article by SO OK TRADING provides an in‑depth analysis of the Thai baht, the Thai stock market, and the impact of the Trump–Xi Summit, while also presenting an economic outlook and key calendar events for the coming week. The goal is to equip readers with the insights needed to confidently shape business and investment strategies in a rapidly changing world.

Aluminum: RSI Ingot 3104 Production from UBC and the Global Circular Economy Outlook SO OK TRADING : September 23, 2026 As the world moves toward sustainability and carbon reduction, the beverage can industry stands out as one of the most complete “model cases” of the Circular Economy. At its core lies the Aluminum Loop — a system in which used beverage cans (UBC) are returned to the melting process to produce RSI Ingot 3104, which can then be rolled into sheets and continuously manufactured into new cans. This process not only reduces the consumption of natural resources but also cuts carbon emissions by more than 60% compared to primary aluminum production, while generating tremendous added value across the industrial supply chain. In this article, SO OK TRADING takes you inside the production of RSI 3104 from UBC scrap — from sorting, melting, and chemical composition adjustment to aluminum ingot casting — and provides an analysis of the future outlook of the Aluminum Loop, which is rapidly becoming a cornerstone of the global circular economy. ✨ RSI 3104 — The Strategic Material of the Future for the Global Packaging Industry Follow this article to understand how “a single used can” can be reborn as “a brand-new can” within the world’s most sustainable recycling system.

Global Economy Sep–Oct 2026: Navigating Geopolitical Storms and Transitioning into a New Era The global economy in September–October 2026 stands at a critical turning point in the “Post-Globalization” era. Supply chains and trade rules are being restructured amid ongoing geopolitical tensions and volatile monetary policies. The IMF and UN have revised global GDP growth forecasts down to 2.5–3.0%, reflecting a phase of “subdued expansion” that now relies heavily on new drivers such as AI and clean energy. While the world faces energy crises, inflationary pressures, and renewed interest rate hikes, Asia—particularly ASEAN and India—has emerged as the new epicenter of global growth. Thailand itself is at a crossroads of economic restructuring and is set to play a pivotal role on the global stage as host of the IMF–World Bank Annual Meetings 2026. Under the framework of the “Bangkok Blueprint,” Thailand will help shape the future of the global economy, focusing on digital transformation, AI, climate finance, and strategies for aging societies. ✨ Stay tuned for in-depth analysis and global economic insights from SO OK TRADING FAST • SHARP • RELIABLE

SO OK TRADING: September 21, 2026 Website Visitors Surpass 4,000,000 Worldwide

Thai Baht & Gold Price Outlook (21–25 September 2026) By SO OK TRADING — FAST | SHARP | RELIABLE ✨ Introduction This week, global financial markets are under intense scrutiny, with several critical factors expected to directly influence the short- to medium-term outlook for both the Thai Baht and gold prices: The Federal Reserve (Fed) has raised interest rates to the 3.75–4.00% range, signaling continued monetary tightening. The US–China Summit on September 24, a historic event that could shape the future of global trade and technology. Asian economic indicators, particularly China’s Loan Prime Rate (LPR) announcement and Thailand’s August export figures, reflecting the region’s recovery momentum. Overall, the Thai Baht is expected to remain weak, pressured by a stronger US dollar driven by the Fed’s hawkish stance. Meanwhile, gold prices are likely to stay highly volatile, supported by safe-haven demand amid geopolitical uncertainties. SO OK TRADING believes this week is a crucial period for investors to closely monitor the outcome of the US–China Summit, which will be a key driver of currency trends, interest rates, and global gold prices.

Oil Surge Shakes Global Metal Markets: MJP Q4/2026 Forecast SO OK TRADING | September 19, 2026 ✦ Introduction September 2026 marks a pivotal turning point in the global energy market as Brent crude oil prices surged to $104–113 per barrel, driven by geopolitical tensions and shipping attacks in the Middle East. This shockwave not only pushed energy costs higher but also disrupted the global metal cost structure, particularly impacting MJP Premiums and LME Aluminium Cash prices — key benchmarks for Thailand’s aluminium processing and electric vehicle (EV) industries. ✦ Context With energy costs soaring and the metal market entering a phase of “tightness,” Thai manufacturers face dual pressures from both global market dynamics and domestic cost structures. To navigate this environment, businesses must adopt proactive strategies, including risk hedging and supply chain adjustments. ✦ SO OK TRADING’s Perspective SO OK TRADING provides in‑depth analysis and survival strategies for Q4/2026, enabling Thai enterprises to safeguard margins and maintain competitiveness amid the era of expensive energy. Our insights aim to guide businesses toward sustainable growth despite global volatility.

“Fed Raises Interest Rate 0.25% — Global Shock, Thai Impact: SO OK TRADING’s In-Depth Analysis on Non-Ferrous Metals and Thailand’s Economy”

Global Oil Breaks $100: Geopolitical Crisis and the Energy Transition to a New Era SO OK TRADING | 16 September 2026 ✨ Introduction In September 2026, global oil prices remain firmly above $100 per barrel, driven by geopolitical tensions in the Middle East, pipeline attacks, and supply disruptions across several countries. The energy market continues to face significant strain, with WTI reaching $103 and Brent climbing to $107. Market attention is now focused on OPEC+ decisions and the recovery of Saudi pipelines, which may prove pivotal for oil prices in the final quarter of the year.

Global Economy Q4/2026: As Superpowers Slow, ASEAN Accelerates SO OK TRADING | 15 SEP 2026 The world is entering the final quarter of 2026 amid the most intense economic pressures in recent years — from a new round of energy price crises erupting in the Middle East to inflation surging once again worldwide, forcing many central banks to return to tighter monetary policies. Major economic powers — the United States, Europe, China, Japan, and India — each face unique challenges, ranging from stagflation and deflation risks to soaring energy costs. Yet, on the other side of the globe, ASEAN continues to demonstrate resilient growth and is increasingly seen as the new “Growth Engine” of the global economy in the coming decade. This analysis by SO OK TRADING provides an in‑depth outlook on the global economy in Q4/2026, along with investment trends across key commodities and industries — from energy and precious metals to clean technology and EVs that are rapidly reshaping the global economic landscape. ✨ FAST • SHARP • RELIABLE SO OK TRADING — Your trusted business partner in a world that changes faster than ever

“LME Slumps – Strong Dollar Pressures Metal Market and Thai Baht | SO OK TRADING | 14 September 2026” The London Metal Exchange (LME) saw a significant decline today, following recent record highs across several metals. The downturn was driven by concerns over U.S. inflation and expectations of further interest rate hikes by the Federal Reserve (Fed), which strengthened the U.S. dollar and triggered profit-taking across global metal markets. This development not only impacts commodity prices but also led to the Thai baht weakening to 33.25 per U.S. dollar, directly affecting both import costs for metals and export revenues for Thai businesses. This analysis by SO OK TRADING provides an in-depth look at industrial and precious metal markets, currency trends, and price directions to watch in late 2026 — offering valuable insights for strategic planning and effective risk management.

CURRENCY & EXCHANGE RATE OUTLOOK “Super Week of Global Central Banks – Thai Baht Faces Volatile Pressure”

Industrial & Precious Metals Outlook A Week of Pressure from FED (High Probability of Rate Hike) and Strong Dollar | 14–18 September 2026 | SO OK TRADING Introduction This week, the industrial and precious metals markets are entering a phase of high volatility, driven by macroeconomic pressures. The key factors are the anticipated interest rate hike by the U.S. Federal Reserve (FED) and the strengthening U.S. dollar, both of which directly impact global commodity prices. At the same time, the market continues to be supported by structural demand from modern industries such as Electric Vehicles (EV), Data Centers, Renewable Energy, and China’s large-scale power grid projects. These forces help prevent a sharp decline in prices despite external pressures. Overall, major metals such as Copper, Aluminium, Zinc, and Tin remain in high trading ranges, supported by historically low stock levels. Meanwhile, Gold and Silver continue to move within narrow bands under the weight of interest rate expectations and dollar strength. Key Trends This Week