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Trader: Saudi producer revises Feb PE, PP prices to Vietnam

by ChemOrbis Editorial Team - content@chemorbis.com
  • 30/01/2015 (10:16)
A trader reported that a major Saudi Arabian producer has adjusted their initial February shipment PE and PP prices downward to Vietnam. The producer reduced their offers by $20/ton for LLDPE, by $10/ton for HDPE and by $50/ton for PP block copolymer while maintaining their homo-PP prices.

According to the trader, the producer is now offering LLDPE film at $1100/ton, HDPE film at $1110/ton, PP block copolymer at $1030/ton and homo-PP raffia and injection at $980/ton, all on a CIF Vietnam, cash basis.

“We are struggling to conclude deals in the Vietnamese market nowadays as offers for nearby origins are mostly standing at similar levels. We think that the market has not stabilized yet.”

In Vietnam, import PP and PE prices currently stand at $1030-1150/ton for PP block copolymer, at $980-1100/ton for homo-PP raffia and injection, at $1090-1160/ton for LLDPE film and at $1050-1160/ton for HDPE film, all on a CIF Vietnam, cash equivalent basis.
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