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Local PP prices soften in Thailand

by ChemOrbis Editorial Team -
  • 02/12/2014 (13:46)
According to players in Thailand, local PP prices moved lower at the start of the week. Sufficient supply levels and weaker upstream costs were cited among the main reasons for the price reductions. Players reported receiving price decreases ranging between THB500-1500/ton ($15-46/ton) from domestic producers.

“We plan to wait a while longer before purchasing as we think that prices might still have room to move lower given the prevailing energy costs,” a distributor commented. Another distributor added, “Local prices have seen some declines, but we feel that sellers would be willing to give additional discounts for buyers placing firm bids. We are holding only minimal stocks at the present.”

Prices for locally-held PP cargoes currently stand at THB46500-48000/ton ($1421-1467/ton) for homo-PP injection and raffia and at THB47000-48500/ton ($1436-1482/ton) for PP film, all on an FD Thailand, cash equivalent basis.
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