Local PP prices move lower in Thailand: traders
Another trader confirmed lower local PP prices and attributed the recent decreases to thin demand. “PP supplies are regular while LLDPE availability remains tight. Buyers are not purchasing beyond their needs as market activities will be slow during the rainy season from July to September. We feel that PP prices may witness further reductions in the days ahead,” he commented.
A third trader also reported that local PP prices softened this week by around THB1000/ton ($30/ton). He stated, “We are struggling to conclude deals nowadays as demand is stagnant.”
In Thailand, local PP prices currently stand at THB46500-47000/ton ($1392-1407/ton) for raffia and injection and at THB46500-47500/ton ($1392-1422/ton) for film, all on an FD Thailand, cash equivalent basis.
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