Saudi major lifted PE prices to Vietnam

According to market sources, a major Saudi Arabia producer ha announce fresh LLDPE and HDPE film prices to Vietnam today with $20-30/ton higher than the pre-holiday period. The maker opens offers at $1220/ton for LLDPE film, $1190/ton for HDPE film and $1380/ton for LDPE film, all based on CIF Vietnam, LC AS term.

A buyer informed, “Our supplier has only 50 per cent of regular allocation this time and willing to hold back the cargoes if buyers are unable to accept the hike. Domestic market is still slow, as players have not fully returned yet. We have large quantity of USA’s LLDPE film to arrive within this month, and we prefer to sell slowly and limit replenishment.”