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Another Saudi producer announces June PP,PE prices to Vietnam

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/05/2015 (11:25)
A trader based in Vietnam reported that another Saudi Arabian producer has announced their June PP and PE prices with reductions from May.

The producer reportedly lowered their June prices by $10/ton for PE and by $50/ton for PP, bringing their new prices to $1390/ton for LLDPE film and to $1350/ton for PP raffia and injection, all on a CIF Vietnam, cash basis. The trader stated that they did not receive any HDPE film or PP block copolymer prices from their supplier for June.

“PP demand is relatively slower when compared to PE as we are receiving much lower PP bids from buyers. However, we had to give a $20/ton discount in order to conclude an LLDPE film deal at $1370/ton CIF, cash even though the PE market seems to be firm owing to limited supplies,” he commented.
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