Thailand’s octene-based MLLDPE prices fall by 7% on lower offers

02 June 2011 07:49  [Source: ICIS news]

SINGAPORE (ICIS)--Thailand’s octene-based metallocene linear low-density polyethylene (MLLDPE) prices have fallen by about 7% in the domestic market as a local supplier reduced its offers to attract buying interest, local distributors said on Thursday.

Octene-based MLLDPE from Siam Polyethylene was offered at Thai baht (Bt) 53.00-53.50/kg ($1.75-1.77/kg) for June delivery, Bt4/kg or about 7% lower from offers in May, the distributors said.

Siam Polyethylene is the sole producer of octene-based MLLDPE in Thailand.

Thai buyers are delaying their purchases because they are expecting regional resin prices to fall in response to the weak demand in the key China market, the distributors added.

“Thai buyers are more cautious when China is not buying,” one of the distributors said.

China’s PE import demand has been weak because power shortages and tightened credit lines have capped the operating rates at the downstream plastics manufacturing sector.

($1 = Bt30.31)

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By: Chow Bee Lin
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