Major Thai imposed further price cut on PE cargoes to China

Chinese players reportedly receiving new weekly offers for PE from a major Thai maker with reduction for all grades. The producer implemented $5-10/ton decreases on HDPE cargoes from last week, reaching $1110/ton for film and $1120/ton for yarn grade, $20/ton reduction for LDPE offers to reach $1150/ton for LDPE film and $1170/ton for LDPE heavy duty, meanwhile maintaining stable offers for metallocene LLDPE at $1220/ton, all based on CFR China, LC AS term.

A distributor commented, “Though firmer futures market support the local sentiment these two days; we are not seeing much interest in the import market. Our customers are still asking for additional discount despite the latest downward adjustment. We have yet to decide on the deal levels and would like to monitor furhter development for now."