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A major Thailand producer reportedly announces new PE offers to China on the first trading day of the week with $10-15/ton reduction from last week. In spite of healthier trading activities in local ground amid strong futures market, demand for import material seems sluggish.

The producer’s latest offer stand at $1120/ton for HDPE film, $1130/ton for HDPE yarn, $1180/ton for LLDPE film, $1200/ton for LDPE film and $1230/ton for LDPE heavy duty, all based on CFR China, LC AS term.

A trader received the new offers said, “Our principal supplier reduced offers in an attempt to stimulate purchasing activities; however, we are not seeing satisfactory results. Domestic materials are still competitive and it seems buyers are not confident in sourcing shipment cargoes these days.”