Malaysian producer maintain LDPE offers to Vietnam, limited deal achieved

It is reported that a major Malaysian producer has announced June shipment offers for LDPE film to Vietnam at $1320/ton – unchanged from last month, based on CIF, LC AS term. A couple of deals has been realised at a moderate discount; however, most buyers are very conservative about replenishment.

A buyer purchased the cargoes at $1300/ton CIF Vietnam, LC AS term said, “We have to reduce the quantity due to the uncompetitive price level. Other cargoes, including from Thailand and the Middle East are available at $70-80/ton lower.” 

The producer is not having HDPE allocation for Vietnam market this month, a distributor source informed while adding that demand is a little below expectation in Vietnam.