Trader: Thai producers lift local homo-PP prices
He reported that local producers lifted their prices by THB2000-2500/ton ($61-76/ton) this week. “Producers are not feeling any sales pressure as they have already covered their sales until April. Homo-PP supplies are currently limited in the local market while demand remains stable. We believe that prices will witness higher levels over the near term.”
The trader received local PP prices from three different local producers at THB46000/ton ($1421/ton) for homo-PP raffia and injection and at THB46500/ton ($1437/ton) for PP film, all on an FD Thailand, cash equivalent basis.
Another trader based in Bangkok stated, “Local prices have firmed up, although we are only able to sell to buyers who urgently need to replenish stocks. Demand in China seems to be stagnant as we hear that many distributors are trying to re-export their cargoes to other markets nowadays.” The trader currently offers local homo-PP raffia and injection at THB45000/ton FD, cash ($1390/ton).
In Thailand, local homo-PP prices currently stand at THB43500-46000/ton ($1344-1421/ton) for raffia and injection and at THB44000-46500/ton ($1360-1437/ton) for film, all on an FD, cash equivalent basis.
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