Thai major imposed further price hike on PE offers to China

A major producer from Thailand has announced fresh weekly PE offers to China today with and increased of $10-15/ton for HDPE film and yarn compared to last week to reach $1170/ton and $1175/ton respectively, meanwhile $10/ton for LDPE film to reach $1230/ton and stable offers for LDPE heavy duty at $1240/ton, $20/ton for LLDPE C4 film at $1240/ton and $15/ton for metallocene at $1230/ton, all on a CFR China, LC AS term, shipment on end of September to beginning of October.

A trader informed, “Our supplier emphasized that their supply is very limited, especially LLDPE as some buyers didn’t managed to receive offers for LLDPE this round. We believed that with overall tight supply situation of imported cargoes to China market, there are still deals able to be concluded with such high price level.”