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Vietnamese trader: Saudi producer cuts HDPE prices

by ChemOrbis Editorial Team -
  • 10/12/2014 (13:57)
A trader in Vietnam reported that they received new HDPE film prices from a Saudi Arabian producer with a reduction of $50/ton compared to the previous week at $1390/ton FCA Vietnam, cash. He added that the producer is also offering their LLDPE film cargoes at $1380/ton with the same terms while they are willing to give a $30/ton discount for large scale purchases.

He commented, “We think that no one is willing to make a large scale purchase nowadays as the market still has room to move lower. We are also planning to postpone our purchases for a while longer.”

In Vietnam, import HDPE film prices are currently being quoted at $1300-1400/ton on a CIF Vietnam, cash equivalent basis while LLDPE film prices are reported in the range of $1360-1400/ton with the same terms.
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