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A major Saudi Arabia producer has announced November shipment offers for PE with $10/ton reduction on HDPE film and $20/ton on LLDPE film from last month. Latest price list stand at $1230/ton and $1220-1230/ton respectively, all based on CIF Vietnam, LC AS term.

Players show better acceptance for HDPE film cargoes given the lack of availability. Meanwhile, many are not very attracted to the LLDPE film cargoes, claiming that several other producers have settled deals below the $1200/ton mark. “We have purchased some Thailand LLDPE film cargoes in the previous week at $1160/ton CIF Vietnam, and therefore we are not accepting anything above the $1200/ton at the moment. Demand in local market is weak,” a local trader commented.