More Saudi producer announce November shipment offers to Vietnam

Vietnamese players reported to have received fresh PP and PE offers from a major Saudi Arabia producer for November shipment. The changes in the latest price list are very much based on the availability of each grade, however, except for PP block copolymer, other cargoes see little movement.

In fact, PP block copolymer offer drop $50/ton from last month to $1190/ton CIF Vietnam, LC AS term meanwhile, homo-PP increased $10/ton to $1190/ton. “Supply for homo-PP is extremely limited due to the on-going shutdown. We are informed that production at the line would only resume by 7 November. Our customers are not responding very well to the prices pointing to the availability of more competitive cargoes in the market at the moment,” a distributor reported.

For PE, HDPE film remains unchanged from last month at $1230/ton CIF Vietnam, LC AS term thank to the general limited availability. Besides, offers for LLDPE film drop $20/ton to $1200/ton and HDPE blow downs $10/ton to $1180/ton with the same term.