Malaysian LDPE film concluded higher in Vietnam

According to market sources, a major Malaysian producer has announced final LDPE film prices to Vietnam for December shipment with $60/ton hike from November. Concluded prices stand at $1330-1340/ton CIF Vietnam, LC AS term. This is in line with the firm trend observed in near-by China market; however, many buyers decided to cut down on purchase quantity amid high risk.

A buyer bought 2 containers of the material at $1330/ton said, “We only procure 50% of the allocation as domestic market is not catching up with international offers. Together with the weakening energy and upstream market, we prefer to take caution about near term outlook.”