South-east Asian Low density Polyethylene (LDPE) prices continue to fall with bearish demand
Low density Polyethylene producers in Southeast Asian countries had reduced their prices due to sufficient supply and weak demand. In Vietnam, the Film grade CFR prices were observed to be $1570/ton which was $1590/ton in the first week of December. As compared to the last week of November the LDPE prices were observed to be declined by 4.84%. If we look at the LDPE market trend for Thailand, the Film grade CFR prices were slipped to $1585/ton as compared to the first week of December which was observed to be $1605/ton. The Thailand Low density Polyethylene prices dropped down by 4.84% compared with the last week of November. The domestic Low density Polyethylene market was observed to be weak as the supply exceeds the demand which increases the inventories among the major producers in Southeast Asia. After the Thailand’s major polymer producers namely HMC Polymer and SCG’s polymer resumed their LDPE plant with improved availability, the saturation in the domestic market due to ample ...