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A converter in Thailand contacted by SSESSMENTS.COM informed that PET prices in Thailand have been continuously adjusted. At the moment, PET Bottle prices from various suppliers already below THB26,000/ton-threshold level. The latest offers from the two PET producers in the country stand at THB25,500/ton ($779/ton), while for localized PET Bottle of China origin available at THB25,800/ton ($788/ton). All offers are on cash, FD Thailand basis and excluding 7% VAT.
Compared to offers at the beginning of the month, SSESSMENTS.COM noted that local PET Bottle prices have decreased by THB1,500/ton ($46/ton) in total. While for localized cargoes, the offers down by THB2,400/ton ($73/ton) compared to the same period. The source opined that PET Bottle prices continuously decreased as crude oil prices have gone lower and lower. Demand-wise, the converter claimed that demand for the converter’s end products remain stable so far as the government does not implement the lockdown scenario.
Offers for local/localized PET Bottle between March 5 to March 26 on cash, FD Thailand basis (all excluding 7% VAT)
| Date | Origin | Transaction Type | Offers (THB/ton) | Equivalent in USD/ton |
|---|---|---|---|---|
| 05-03-2020 | Thailand | Offer Received | 27,000 | 825 |
| 05-03-2020 | Thailand | Purchased | 27,000 | 825 |
| 05-03-2020 | China | Offer Received | 28,200 | 861 |
| 19-03-2020 | Thailand | Offer Received | 26,000 | 794 |
| 26-03-2020 | Thailand | Offer Received | 25,500 | 779 |
| 26-03-2020 | China | Offer Received | 25,800 | 788 |
Tags: Asia Pacific,English,News,PET,SEA,Thailand
Published on March 27, 2020 3:21 PM (GMT+8)SHARE THIS STORY
