Another Saudi maker lifted September PP, PE offers to Vietnam

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.”