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Thai converter: local producers cut PET prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/08/2015 (11:40)
A bottle manufacturer in Thailand reported that two local producers reduced their PET prices to the domestic market today in the face of lackluster demand. According to him, producers implemented decreases of THB2000/ton ($56/ton) on their offers.

“Demand is not encouraging nowadays and we believe that local prices still have room for additional reductions. We usually purchase around 1,000 tons of PET on a monthly basis. However, we are not planning to replenish at the moment as we are covered for around one month,” the converter commented.

According to the buyer, local PET prices currently stand at THB33000/ton ($929/ton) on an FD Thailand, cash basis.
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