Thai maker slashed PE offers to China amid a declining trend
Thai maker slashed PE offers to China amid a declining trend
A major Thailand producer has reportedly announced weekly PE offers to China with $10-15/ton reduction amid sluggish demand condition and falling import prices in this market.
The producer’s price list is shown in the following table:
|
Grade |
Price List on 30 Jul 2019 |
Changes |
Term |
|
HDPE film |
$1045 |
-$15 |
CFR China, LC AS |
|
HDPE yarn |
$1045 |
-$15 |
CFR China, LC AS |
|
LLDPE film |
$975 |
-$10 |
CFR China, LC AS |
|
LDPE film |
$1020 |
-$10 |
CFR China, LC AS |
|
Combined and reported by CommoPlast |
|
||
Despite the constant claim of having limited availability, especially for LLDPE film stemming from an unspecified production issue, weak demand condition has overshadowed the supply situation, sources said.
Customers are demanding for additional price cuts following deals for a Middle Eastern LLDPE film cargo at below the $900/ton threshold reported earlier this week.
“The near term market outlook is not too bright. With the on-going trade war with the USA and the up-coming environmental inspection, demand is taking a rather big hit,” a trader informed.