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Distributors: Local PP prices move lower in Thailand

by ChemOrbis Editorial Team -
  • 17/11/2014 (13:49)
According to distributors in Thailand, domestic PP prices declined by around THB500/ton ($15/ton) at the start of the week. “Domestic supply is sufficient to meet the market’s needs and we have not seen any real change in demand following the most recent price reductions. We have not received any new PE prices local suppliers yet,” a distributor stated.

Another distributor added, “We are not planning to replenish our stocks for now as local demand is not all that encouraging. We believe that softer crude oil costs may keep the PP market under downward pressure in the days ahead.”

Local PP prices currently stand at THB49500/ton ($1511/ton) for homo-PP injection and raffia and at THB50500/ton ($1541/ton) for PP film, all on an FD Thailand, cash equivalent basis.
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