SINGAPORE (ICIS)--Thailand’s inflated polypropylene film (IPP film) demand is set to rebound by up to 20% following the end of the school holidays, according to a trader on Friday.
School holidays in Thailand are from March to April, during which the demand for IPP film will traditionally fall, as its downstream plastic book protectors market undergoes a seasonal lull, said a producer previously. As school reopens in May, the downstream demand is slated to pick up.
The producer had estimated the IPP film demand to decline by up to 15% during the school holidays. A couple of traders are optimistic that the restocking activities across the IPP film, PP injection and flat yarn grades will offset the decline by up to 20%.
In the meantime, PP prices remain weak in Thailand according to ICIS data. IPP film prices were at baht (Bt) 51.50-52.50/kg DEL Bangkok during the week ended 4 April, down by Bt0.50/kg from the previous week. PP injection and flat yarn prices were at Bt51.00-52.00/kg DEL Bangkok, down by Bt0.50/kg over the same period.
($1 = Bt32.27)