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Trader: Saudi producer announces May PE prices to Vietnam

by ChemOrbis Editorial Team - content@chemorbis.com
  • 20/04/2015 (05:00)
A trader based in Vietnam reported that a Saudi Arabian producer has announced their new May PE prices to Vietnam with increases from April. According to the trader, the producer raised their prices by $70-90/ton for LLDPE and HDPE film, bringing their new offers for both products to $1370-1380/ton on a CIF Vietnam, cash basis.

The trader commented, “The producer’s supplies must be tight as they informed us that these offers are valid for only one day. We think that offers above the $1400/ton CIF level are not workable.” He added that they have not received any PP prices for May yet.

In Vietnam, overall import PE prices currently stand at $1370-1385/ton for LLDPE film and at $1370-1380/ton for HDPE film, all on a CIF, cash equivalent basis.
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