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Major Thai maker cuts PP prices to Indonesia, maintains HDPEMajor Thai maker cuts PP prices to Indonesia, maintains HDPE |
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Market players reported today receiving fresh offers from a major Thailand producers at $20/ton lower for all PP grades compared to last week, while HDPE prices remains unchanged.
Detailed price list and changes are shown in the following table:
|
Product |
16 Aug. 2016 (USD/t) |
22 Aug. 2016 (USD/t) |
Changes |
Term |
|
Homo-PP yarn & inj |
$1150 |
$1130 |
-$20/ton |
CIF Indonesia, LC AS |
|
PP film |
$1180 |
$1160 |
-$20/ton |
CIF Indonesia, LC AS |
|
PP Block Copolymer |
$1220 |
$1200 |
-$20/ton |
CIF Indonesia, LC AS |
|
HDPE |
$1170 |
$1170 |
N/C |
CIF Indonesia, LC AS |
It is reported that Indonesian buyers are replenishing homo-PP cargoes to ensure the inventory levels; yet, most deals are concluded at the lower end of the overall price range. Meanwhile, prices at the upper end are facing difficulties in attracting buying interest.