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SEA players receive HDPE, LLDPE offers below $1300/ton

by ChemOrbis Editorial Team -
  • 30/07/2015 (21:44)
In Southeast Asia, players reported receiving offers for HDPE film, injection and LLDPE c4 film below the $1300/ton threshold from at least three different Middle Eastern producers at levels of $1270-1290/ton CIF SEA, cash basis.

A trader in Malaysia received an offer for LLDPE c4 film at $1270/ton from one Middle Eastern producer and at $1280/ton from another producer based on CIF Malaysia, cash. He said, “We are currently waiting to purchase materials and received offers from Middle Eastern sources. We gave our bids at prices $10-20/ton below their offers and we are waiting for feedback regarding our bids at the moment.”

A trader in Vietnam received offers for LLDPE c4 film from a third Middle Eastern producer in a range of $1290-1300/ton CIF Vietnam, cash basis. He commented, “We received quite a lot of offers this week, but we still consider them to be high. We are buying on a needs-only basis and are currently in a waiting position. We were expecting that prices may rise in September, but now we are not so sure.”

Another trader in Vietnam was offered Middle Eastern HDPE film and injection at $1280-1340/ton CIF, cash basis. The trader added, “Sales are very slow. The market has been quiet since June and now it’s even worse. Therefore, we reduced our regular import volumes by around 20% compared to last month. Although we received many offers, we did not purchase or give bids because we still consider prices to be high and they could come down further in the future.”
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