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Saudi major lifts May PP, PE prices to Vietnam: trader

by ChemOrbis Editorial Team -
  • 05/05/2015 (13:50)
A trader based in Vietnam reported that a major Saudi Arabian producer has raised their PP and PE prices for May by $30-40/ton when compared to their most recent April levels. According to the trader, the producer currently offers LDPE, LLDPE and HDPE film at $1450-1460/ton on an FCA Vietnam, cash basis while their PP raffia and injection offers are at $1400/ton CIF, cash.

He commented, “We are not sure if we should replenish at our supplier’s new, higher levels as it is quite difficult to raise our local prices due to stagnant demand. Hence, we may wait until June before deciding on our next move.”

In Vietnam, overall import PE prices currently stand at $1440-1450/ton for LDPE film, at $1420-1450/ton for LLDPE film and at $1420-1460/ton for HDPE film, all on a CIF, cash equivalent basis. For PP raffia and injection, prices are at $1360-1400/ton with the same terms.
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