Thai maker continues cutting PE offers to China amid soft regional market
Thai maker continues cutting PE offers to China amid soft regional market

A major Thailand producer reportedly slashes import offers for PE to China, marking the three consecutive weeks of cutting prices amid downward pressure from upstream costs.
The maker’s price list and the changes are shown in the following table:
“Weak demand and falling ethylene costs are the dual factors pressurizing the current market. Sales have been slow and very likely we need to concede to further discounts,” a source close to the producer said.
In the meantime, Chinese buyers are seeing an increasing number of forward selling offers at much lower price levels, which raise questions on whether market is nearing the bottom. “It is year end. Everyone needs to clear out stock. We are waiting for better prices before making fresh buy,” a buyer added.