Thai maker sold out HDPE film in Vietnam, might lift offers in the near term

A major Thailand producer reportedly sold out available HDPE film cargoes to Vietnam today after committing to $15/ton discount from initial offer, at $1120/ton CIF Vietnam, LC AS term.

A source close to the company informed, “We have stopped taking additional order today. Our customers seem more enthusiastic about making enquiries after seeing the latest development in the energy market. Looking ahead, we might up-adjust our prices given the satisfactory sales result this time.” The source added that though there are more movement observed today, the extent of any possible price increment would remain limited considering the availability of competitive USA cargoes.