Thai maker lifted weekly PE offers to China despite strong resistance

Chinese players reported receiving fresh PE offers for June shipment from a major Thailand producer with $10/ton increased from last week despite buying interest remains weak in the country. 

The maker’s latest price list is shown in the following table:

“Prices are too high, however, it seems that the supplier is not having any sales pressure at the moment. Our regular buyers are mostly waiting on the sideline claiming thin profit margins due to high raw material costs. Some discount must be available in order to draw buyers back,” a distributor said.