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Trader: Saudi producer steps back on Nov PP, PE prices to Vietnam

by ChemOrbis Editorial Team -
  • 29/10/2014 (12:31)
A trader reported that a Saudi Arabian producer stepped back on their PP and PE prices for November to the Vietnamese market. The trader said that they received new offers for the producer’s material at $1495/ton for PP raffia, $1505/ton for homo-PP injection, $1515/ton for LLDPE film, $1525/ton for HDPE film and at $1530-1545/ton for PP block copolymer injection, all on a CIF Vietnam, cash basis. These prices represent decreases of $25-35/ton for homo-PP, $35/ton for HDPE film, $45/ton for LLDPE film and $35-50/ton for PP copolymer when compared with the initial November prices given by the same producer.

“We heard lower prices from another one of the producer’s agents compared with the initial prices announced by another agent earlier in the week. We think that other sellers might make similar adjustments over the near term as buyers are generally sticking to the sidelines in hopes of seeing more attractive prices emerging in the days ahead,” the trader commented.

Import prices currently stand at $1520-1580/ton for HDPE film, $1510-1633/ton for LLDPE film, at $1470-1580/ton for homo-PP injection and raffia and at $1505-1640/ton for PP block copolymer, all on a CIF SEA, cash equivalent basis.
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