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Vietnamese trader: Saudi producer offers LDPE at lower levels

by ChemOrbis Editorial Team -
  • 04/02/2015 (17:39)
A trader based in Vietnam reported that a major Saudi Arabian producer is offering LDPE film at $1130/ton FCA Vietnam, cash. This level indicates a decrease of $90/ton when compared to the most recent offer reported from the producer by the same source.

The trader commented, “The producer sold out their PP cargoes in a short time at $1040/ton FCA, cash. However, their LDPE supplies are reportedly ample. Therefore, we think that the producer is open to negotiation in order to conclude some deals.”

The trader added, “We are more interested in purchasing Southeast Asian cargoes, which we can sell at better levels. We think that the near term outlook depends on situation in crude oil markets. If energy prices start to decrease again, polymer prices will not be able to maintain their current firming trend.”
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