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Trader: Saudi producer cuts PE, PPBC prices to Vietnam for Dec

by ChemOrbis Editorial Team -
  • 02/12/2014 (12:12)
According to a trader based in Vietnam, a Saudi Arabian producer reduced their prices for HDPE and LLDPE to the country by $105/ton for HDPE and LLDPE and by $125/ton for PP block copolymer for December. The producer’s new prices stand at $1420/ton for HDPE film and PP block copolymer and at $1410/ton for LLDPE film on a CIF Vietnam, cash basis. The trader also received prices from the producer at $1350/ton CIF for homo-PP injection and raffia whereas they had not received offers for these products in the prior month.

“We are not very active in the market these days as we feel that prices still have some room to move lower and are therefore looking to minimize our risks,” the trader commented.

Import prices to Vietnam currently stand at $1330-1460/ton for homo-PP injection and raffia, $1420-1550/ton for PP block copolymer, at $1400-1470/ton for LLDPE film and at $1420-1470/ton for HDPE film, all on a CIF, cash equivalent basis.
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