Local homo-PP prices move lower in Thailand

Players in Thailand reported that the local homo-PP market retreated this week as some local producers elected to decrease their offers mainly due to slow demand amidst the rainy season.

An agent of a local producer reported that their supplier cut its homo-PP offers by THB1000/ton ($29/ton) from last week to THB37500/ton ($1106/ton) for raffia and to THB38000/ton ($1121/ton) for film on an FD, cash equivalent basis.

A trader also reported that another local producer decreased its raffia offers by THB1000/ton ($29/ton) when compared to last week to THB37500/ton ($1091/ton) with the same terms.
The trader noted, “Buyers are hesitant to make fresh purchases given the downtrend of prices.”