As SSESSMENTS.COM noted, a Thai PE producer revises offers to the China market. As compared to Monday, July 20, the producer’s offers for HDPE Film grade 7000F surfaced with a reduction of $20/ton. Likewise, offers for LLDPE Film C4 decreased by $15/ton. For other PE grades, no changes were recorded to date. Upon price reduction, the producer managed to sell some volumes for HDPE Film at the initial offer level while for LLDPE Film C4 at $5/ton lower on the low-end of the price range. Further added, some customers do not place bids for this week since they believe prices might drop again next week.
Import PE offers on LC at sight, CIF China Main Port basis
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|---|---|---|
| Thailand | HDPE Film | Offer Received | 960 |
| Thailand | HDPE Film | Sold | 960 |
| Thailand | LLDPE Film C4 | Offer Received | 885 |
| Thailand | LLDPE Film C4 | Sold | 880-885 |
