Thai producer rollover PP and HDPE offers to Indonesia

Indonesian buyers reported to have received fresh PP and HDPE offers from a major Thailand producer today at unchanged levels compared to last week. Strong buyer resistance is believed to be the main cause of such moderate price decision, considering the current upstream costs and the lack of availability from the maker.

A buyer commented, “Import prices are too high at the moment, some grades are even higher than domestic cargoes. Converters meanwhile are not seeing improvement in end product business, hence, we believed that market would continue to show limited interest in the latest prices.”   

The producer’s latest price list are shown in the following table: