Import PE prices emerge for August in SE Asia

Buyers in Southeast Asia reported that they started to receive August PE prices from Middle Eastern and Asian producers with rollovers to slight increases from July.

A bag manufacturer in Indonesia received August PE offers for a South Korean origin with $10/ton increases when compared to July at $1240/ton for LDPE film and at $1140/ton for LLDPE film on CIF, cash basis.

“Sellers are reluctant to give any discounts on their new offer levels while we are planning to secure some material for August shipment. Meanwhile, traders operating in the local market have also started to stand firm on their offers recently,” the buyer commented.

A Malaysian converter reported that he was offered PE for August shipment by a Saudi Arabian supplier with rollovers from July at $1060/ton for LLDPE film and at $1200/ton for mLLDPE c6 on CIF, cash basis. He said, “We are planning to buy some material from the supplier as we found their offers to be attractive when compared to the prevailing prices in the market.”

As for HDPE film, the buyer received an August offer from a Middle Eastern supplier at $1110/ton CIF Malaysia, cash. He said, “We are still waiting for the supplier’s response to our bid at $1080/ton. Suppliers are standing firm on their offers for August, refraining from giving any discounts. We feel that PE prices are likely to stabilize soon.”