Major Thai maker cut PP, HDPE prices to Indonesia

Market sources reported receiving fresh PP and HDPE from a major Thailand producer at the beginning of the week with reduction compared to last week. The latest price list from the producer is shown in the following table:

A buyer received the new offer commented, “Domestic offers are also reducing in a faster pace, therefore we think market might find it difficult to accept the latest offers from Thailand producer, especially when the rupiah is weakening. We prefer to wait on the sideline for a while longer before taking any position.”