Saudi major increases March PE offers to Vietnam
by ChemOrbis Editorial Team - content@chemorbis.com
A major Saudi Arabian producer announced their PE offers to Vietnam for March shipments, according to traders.
The producer raised LLDPE film and HDPE blow molding offers by $20/ton from February, while increasing LDPE film and coating prices by $30/ton. HDPE film and LDPE injection saw larger hikes of $50/ton and $40/ton, respectively. Meanwhile, the producer resumed offering HDPE injection this month after a one-month break.
A source from the producer said they were open to considering bids at $1,050/ton for LLDPE, $1,200/ton for LDPE, and $980/ton for HDPE. “LLDPE allocation from the producer dropped significantly by 75% this month,” the source added.
For March shipments, prices on a CIF Vietnam, cash basis are as follows:
LLDPE C4 film: $1060/ton
HDPE film: $1020/ton
HDPE blow molding: $980/ton
HDPE inj.: $980/ton
LDPE film: $1210/ton
LDPE coating: $1350/ton
LDPE inj.: $1270/ton
The producer raised LLDPE film and HDPE blow molding offers by $20/ton from February, while increasing LDPE film and coating prices by $30/ton. HDPE film and LDPE injection saw larger hikes of $50/ton and $40/ton, respectively. Meanwhile, the producer resumed offering HDPE injection this month after a one-month break.
A source from the producer said they were open to considering bids at $1,050/ton for LLDPE, $1,200/ton for LDPE, and $980/ton for HDPE. “LLDPE allocation from the producer dropped significantly by 75% this month,” the source added.
For March shipments, prices on a CIF Vietnam, cash basis are as follows:
LLDPE C4 film: $1060/ton
HDPE film: $1020/ton
HDPE blow molding: $980/ton
HDPE inj.: $980/ton
LDPE film: $1210/ton
LDPE coating: $1350/ton
LDPE inj.: $1270/ton
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