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Saudi producer voices PE sell ideas for May to SEA

by ChemOrbis Editorial Team -
  • 21/04/2015 (11:07)
A Saudi Arabian producer has revealed their PE sell ideas for May to Southeast Asia with increases from April. The producer’s May sell ideas for LLDPE and HDPE film stand at $1420/ton CIF SEA, cash, up $40/ton when compared to their April levels.

A producer source commented, “We are aware of the fact that the market may show some resistance to offers above the $1400/ton level; however we have an advantage as we are able to offer prompt cargoes. Plus, we are feeling free from sales pressure, especially for LLDPE, due to our limited stocks. We are planning to announce our official levels over the next few days.”

In Southeast Asia, overall import PE prices currently stand at $1370-1380/ton for HDPE film and at $1370-1440/ton for LLDPE film, all on a CIF SEA, cash equivalent basis.
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