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Saudi HDPE, LLDPE purchased with further discounts in Vietnam

by ChemOrbis Editorial Team -
  • 30/10/2014 (03:51)
Traders in Vietnam report that they have secured some deals for Saudi Arabian HDPE and LLDPE film with additional discounts from their Saudi Arabian supplier. A trader said that they purchased material from a Saudi Arabian supplier at $1490/ton CIF Vietnam, cash for LLDPE film and at $1500/ton with the same terms for HDPE film. “We secured deals with $25/ton discounts from our supplier’s most recent offer levels. We plan to wait a little while longer before making our next move, but we may make some additional purchases if prices continue to move lower,” the trader commented.

Another trader said that they purchased material from the same supplier at $1500/ton for LLDPE film and at $1510/ton for HDPE film, both on a CIF, cash basis after negotiating a $15/ton discount. “We are not willing to purchase in larger quantities for now as we think that the market still has some room to come down. Customers in south Vietnam will be able to get slightly more attractive prices as we need to cover the additional freight rates to north Vietnam,” the trader stated.

Import prices currently stand at $1500-1580/ton CIF SEA, cash equivalent basis for HDPE film and at $1490-1633/ton with the same terms for LLDPE film.
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