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Thai, Saudi producers lower HDPE prices to Vietnam

by ChemOrbis Editorial Team -
  • 01/12/2014 (18:47)
Players in Vietnam report that one Thai producer and one Saudi producer began the week by announcing further reductions on their HDPE prices to the country. A Thai producer said that they decreased their prices by $40/ton to $1440/ton CIF Vietnam, cash for HDPE film, blow moulding and injection, citing weaker upstream costs and sluggish demand as the main reasons for their price reductions.

A trader based in Vietnam said that they received an offer for HDPE film from a Saudi Arabian major at $1440/ton FCA Vietnam, cash, a $40/ton reduction from the producer’s initial offers for the month. “We are not interested in making purchases for now as HDPE supply is sufficient in the local market. In addition, buying interest is limited as most converters are keeping to the sidelines in anticipation of further price reductions,” the trader commented.
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