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Thai players expect further local PE drops

by ChemOrbis Editorial Team -
  • 21/08/2015 (14:03)
Players in Thailand report that local PE prices still have room for decreases in the face of persistently slow demand. According to data from ChemOrbis Price Index, local PE prices on an FD Thailand basis are already standing at their lowest levels since mid-February.

A trader commented, “Demand has worsen following the Bangkok bombing while demand from the agricultural and automotive industries is also not encouraging in the face of the recent economic issues. For local PE, we are expecting to see additional decreases of around THB2000-3000/ton ($56-84/ton) in the coming days.”

A woven bag manufacturer stated, “Further PE decreases are likely to surface soon in the local market as energy prices keep declining. We are running our plant at normal rates at the moment while PE supplies remain sufficient.”

In Thailand, local PE prices are currently reported at THB46000-47500/ton ($1295-1337/ton) for LDPE film and at THB45000-47500/ton ($1266-1337/ton) for LLDPE and HDPE film, all on an FD Thailand, cash equivalent basis.
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