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 ?xml:namespace>
Thai buyers are delaying their purchases because they are expecting regional resin prices to fall in response to the weak demand in the key
“Thai buyers are more cautious when
($1 = Bt30.31)
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