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Trader: Saudi producer raises LDPE prices to Vietnam

by ChemOrbis Editorial Team -
  • 11/02/2015 (10:34)
A trader in Vietnam reported that a Saudi Arabian producer has implemented a significant increase of $60/ton on their LDPE prices compared to the trader’s purchase level from last month. The trader received an offer for LDPE film from the producer at $1180/ton CIF Vietnam, cash.

He commented, “Trading activities are doing well in the local market, while most traders are holding onto their materials in anticipation of seeing higher levels in the days ahead. Our stock levels are low and we are planning to wait to see new prices before deciding on our next move.”

In Vietnam, import LDPE prices currently stand at $1180-1210/ton on a CIF Vietnam, cash equivalent basis.
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