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Competitive N. American PE prices emerge in SEA

by ChemOrbis Editorial Team -
  • 06/08/2015 (17:46)
According to buyers in Indonesia and Vietnam, competitive offers for American and Canadian PE have begun to appear in the market. A plastic bag manufacturer in Indonesia said that they received LLDPE film offers at $1260/ton CIF for an American origin and at $1280-1330/ton from different Middle Eastern suppliers. “We are still waiting to hear new offers from a few more Middle Eastern sources, but we may consider the American cargoes if we do not find a more competitive offer from one of our regular suppliers,” the buyer stated.

A plastic bag maker in Vietnam said that they received LLDPE film prices at $1240-1250/ton CIF for US material and at $1310/ton from a Middle Eastern source. The buyer added, “We plan to delay our purchases for a while longer as we think that prices have some room to move lower while we are feeling comfortable with our stock levels.”

Another Vietnamese converter said that they purchased a large volume of Canadian HDPE blow moulding at $1150-1170/ton CIF while adding that they also received an offer for a Thai origin at $1270/ton. “Our Thai supplier has been reducing their prices gradually while we received an offer at $1190/ton from a Canadian source who later accepted our bid price of $1150-1170/ton,” the buyer added.

Import offers currently stand at $1250-1370/ton for LDPE film, $1240-1330/ton for LLDPE film, $1280-1330/ton for HDPE film and at $1150-1320/ton for HDPE blow moulding, all on a CIF SEA, cash equivalent basis.
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