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Domestic PP, PE prices edge down in Thailand

by ChemOrbis Editorial Team -
  • 09/12/2014 (11:37)
Players in Thailand report that local PP and PE prices posted further declines at the start of the week owing to softening upstream costs. According to data from ChemOrbis Price Index, price reductions for local PP and PE cargoes are ranging between THB1000-1500/ton ($30-46/ton) when compared to the previous week.

“Local prices came down again and we made a small purchase for PP in order to maintain our relationship with our supplier. Demand remains weak as buyers are still waiting on the sidelines with the expectation of seeing further decreases. We expect prices to continue to soften in the near term,” a trader stated.

A distributor based in Bangkok commented, “Local producers have implemented further reductions on their prices as demand remains stagnant and many traders are minimizing their stock levels in order to avoid making losses.”

A plastic bag manufacturer added, “Domestic prices decreased further, which is good for our business. We think that prices will remain on the softer side until the new year.”

Locally-held PP cargoes are currently offered in the range of THB45000-48000/ton ($1370-1462/ton) for homo-PP raffia, at THB45500-47500/ton ($1385-1446/ton) for PP film and at THB45000-46500/ton ($1370-1416/ton) for homo-PP injection, all on an FD Thailand, cash equivalent basis. For local PE, prices stand at THB47000-49000/ton ($1431-1492/ton) for LDPE film, at THB47000-49500/ton ($1431-1507/ton) for LLDPE film and at THB47000-48500/ton ($1431-1477/ton) for HDPE film, blow moulding and injection with the same terms.
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