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Thai producer applies visible drops on local PE offers

by ChemOrbis Editorial Team -
  • 04/03/2020 (10:18)
According to a trader in Thailand, a local producer cut its local PE prices by THB2000/ton ($64/ton) when compared to last week.

The producer’s significant price cut on PE grades was mainly attributed to weak demand amid growing concerns over the rapid spread of COVID-19 outbreak despite limited supply in the country amid shutdowns.

The producer’s recent PE offers currently stand at THB32000/ton ($1011/ton) for LDPE film and at THB29500/ton ($932/ton) for LLDPE film and HDPE film, all on an FD Thailand, cash equivalent basis.

As for PP, prices were down by THB500/ton ($16/ton) on the week to be reported at THB32500/ton ($1027/ton) for homo-PP film and at THB32000/ton ($1011/ton) for homo-PP raffia and inj. with the same terms.

“We think that both PP and PE prices will have a new round of decreases next week as demand is depressed,” the trader opined.
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