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A major Thailand producer has announced July shipment offers for HDPE to Vietnam with $20/ton increased from last month on reduced supply stemming from plant issues. Latest offers stand at $1150/ton for HDPE film, $1160/ton for HDPE blow molding and $1165/ton for HDPE yarn, all based on CIF, LC AS term.

Buyers in the country are not very positive about the hike claiming that supply from other sources are still comfortable while ethylene remains low. Many customers are still in the wait and see position, hoping to obtain lower prices in the coming week.

A source close to the producer informed, “We only have few hundred tons of materials this time. The PE market is weak at the moment, yet we are not in rush to deplete the cargoes.”