disappointing demand from China continues to push traders to divert material to other markets while some Chinese traders also report that they are looking for re-export opportunities.
A trader based in Taiwan reported that they diverted some of their allocations of Thai LDPE film to Southeast Asia this month as they did not feel confident in their ability to conclude satisfactory sales in the Chinese market. "We have managed to conclude some deals in Vietnam but are struggling to conclude deals in Indonesia," the trader commented.
A China based trader stated that they are looking to re-export some Thai LLDPE film to Southeast Asia. "The Chinese market is well supplied for now and we have heard that some other traders are enjoying good margins re-exporting material to Southeast Asia. We are hopeful that we will be able to conclude some deals in the Southeast Asian market, although we are still working on forming connections with Southeast Asian players for now," the trader stated.
A converter in Indonesia reported that they received an offer for Saudi Arabian LLDPE film on a reexport basis from China. "We are in no rush to purchase for now as we have enough material in stock to cover our needs until the middle of May. We plan to observe the market for a while longer before making any additional purchases," the buyer commented. A trader based in Vietnam said that they received an offer for Saudi Arabian LLDPE film from a bonded warehouse in Hong Kong.