A Thai trader told SSESSMENTS.COM that market players need to prepare after the new arrangement from a Middle Eastern PE producer for June shipment. The producer announced their intention to allocate more volume of LLDPE Film C6 to the European market that is promising a better netback, hence the Thai market allocation will be reduced. With a report from a trader that demand in the Thai domestic market is stable which is driven by better flexible packaging orders, their regular customers need to precede steps from the producer by finding some alternatives to meet their monthly requirements. Speaking of aggregate demand, the trader commented that the current firm prices would not sustain since the downstream market has not fully recovered. The trader opined that the current firm PE price is only propped up by the stronger energy and feedstock market.
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Published on May 27, 2020 12:37 PM (GMT+8)Last Updated on May 27, 2020 12:38 PM (GMT+8)
