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Trader: Saudi producer cuts PE prices to Vietnam

by ChemOrbis Editorial Team -
  • 30/12/2014 (12:11)
A trader in Vietnam reported that a major Saudi Arabian producer has reduced their PE prices to the country by $150/ton for LLDPE film and by $180/ton for HDPE film when compared to the most recently reported offers from the producer.

The trader stated that they received new prices from the producer at $1220/ton for LLDPE film, at $1210/ton for HDPE film and at $1260/ton for LDPE film, all on an FCA Vietnam, cash basis.

He commented, “We are planning to wait for a while longer before deciding on our purchase as crude oil prices continue to decrease, which may lead to further reductions in the PE market.”

In Vietnam, overall import PE prices are currently reported at $1230-1280/ton for LDPE film and at $1100-1250/ton for LLDPE and HDPE film, all on a CIF Vietnam, cash equivalent basis.
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