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Vietnamese buyers today reported to have received fresh PP and PE offers from another Saudi Arabia producer with large increases from last month. Latest price list indicated a hike of $50/ton for PP and HDPE blow molding, $60/ton for HDPE film and $30/ton for LLDPE film.

Offered levels stand at $1160/ton for HDPE film, $1170/ton for LLDPE film, $1120/ton for HDPE blow molding, $1130/ton for homo-PP and $1140/ton for PP block copolymer, all based on CIF Vietnam, LC AS term.

A market source said, “Prices increased too fast and we are unable to accept this level at the moment. We plan to place bids at below $1150/ton for both HDPE and LLDPE film even the supplier has limited quantity.”