Import LLDPE film prices move below $1100/ton in SE Asia
by ChemOrbis Editorial Team - content@chemorbis.com
In Southeast Asia, import LLDPE prices continued to follow a decreasing trend over the past week, with prices breaking below the $1100/ton CIF threshold for the first time since August.
A bag manufacturer in Vietnam reported that he received an LLDPE film offer for a Saudi origin at $1080/ton CIF, cash. “Demand for our end products is slower compared to last year. We expect to see additional reductions on import PE offers in the days ahead due to limited demand,” the converter commented.
A second buyer in Vietnam also reported that he was offered Middle Eastern LLDPE film at $1080/ton with the same terms. He stated, “We are not willing to make a fresh purchase at the moment as we find new purchases to be risky while prices are following a steadily declining trend.”
In Southeast Asia, overall import LLDPE film prices are currently reported at $1080-1150/ton on a CIF SEA, cash equivalent basis. According to data from ChemOrbis Price Index, average import LLDPE prices are currently standing at their lowest levels since July 2010.
A bag manufacturer in Vietnam reported that he received an LLDPE film offer for a Saudi origin at $1080/ton CIF, cash. “Demand for our end products is slower compared to last year. We expect to see additional reductions on import PE offers in the days ahead due to limited demand,” the converter commented.
A second buyer in Vietnam also reported that he was offered Middle Eastern LLDPE film at $1080/ton with the same terms. He stated, “We are not willing to make a fresh purchase at the moment as we find new purchases to be risky while prices are following a steadily declining trend.”
In Southeast Asia, overall import LLDPE film prices are currently reported at $1080-1150/ton on a CIF SEA, cash equivalent basis. According to data from ChemOrbis Price Index, average import LLDPE prices are currently standing at their lowest levels since July 2010.
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