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After announcing June shipment offers to Vietnam earlier this week with $30-40/ton reduction from last month, a Malaysian supplier has conceded to another $50/ton discount on deals for LDPE film cargoes, bringing the final prices to $1280-1290/ton CIF Vietnam, LC AS term.

Several deals are reported at the latest price levels though buyers are very cautious about the quantity with a buyer said, “It is very risky to buy large quantity this time since ethylene costs are plunging. We think that PE prices in general might continue to soften if ethylene costs breach below the $1000/ton mark.”