Further price cut on Thailand HDPE film to China

Major Thailand producer reportedly reduced their HDPE film offers to China today by another $10/ton, marking the third price reduction this week, totalling up $25/ton drop in the offers compared to last week. Players blamed persistent weak demand and bearish expectation for the coming months to be the main driver behind such move. Latest offers for HDPE film from the maker stand at $1120/ton CFR China, LC AS term.

A trader informed, “Our principal supplier decided to lower their offers amid weak buying interest. Even at the latest prices, our customers are showing very limited interest. Many of buyers from East and Northern China have switch to Iranian HDPE film instead, due to competitive prices and this might pressure Asian suppliers.”