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Thai major step back on PE offers to China amid slower sentimentThai major step back on PE offers to China amid slower sentiment |
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It is reported that a major Thailand producer has announced fresh PE offers to China at the stable to softer levels compared to last week amid piling resistance from buyers.
The producer’s latest price list and week-on-week changes are shown in the following table:
|
Grade |
Price List on 15 July 2019 |
Changes |
Term |
|
HDPE film |
$1070 |
-$15 |
CFR China, LC AS |
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LLDPE film |
$1000 |
-$25 |
CFR China, LC AS |
|
LDPE film |
$1030 |
- |
CFR China, LC AS |
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Combined and reported by CommoPlast |
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It appears that purchasing interest in China is weakening following three consecutive weeks of firming prices. A source close to the producer informed, “Buyers are not very aggressive in placing bids. We are monitoring the situation and might introduce some adjustment in the coming days.”
Country
China
