Thai buyer: Local PET producer concedes to discounts on deals
by ChemOrbis Editorial Team - content@chemorbis.com
A converter operating in Thailand reported that they concluded a deal for local PET at lower levels when compared to last month.
The converter stated that they purchased PET bottle from a local producer at THB36000/ton ($1046/ton) on FD Thailand, cash basis, down by THB2000/ton ($58/ton) on a monthly basis.
“In Thailand, converters are mostly making purchases for the period after the Songkran festival. We believe that the Chinese market will firm up again in May on the back of the summer season and this will pull the current price levels up,” the converter opined.
The converter stated that they purchased PET bottle from a local producer at THB36000/ton ($1046/ton) on FD Thailand, cash basis, down by THB2000/ton ($58/ton) on a monthly basis.
“In Thailand, converters are mostly making purchases for the period after the Songkran festival. We believe that the Chinese market will firm up again in May on the back of the summer season and this will pull the current price levels up,” the converter opined.
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