Saudi Arabia maker announced October PE offers to Vietnam at reduction

It is reported that another major Saudi Arabia producer has announced October shipment offers for PE to Vietnam with $20-30/ton reduction from the price list for September.

The latest offers and month on month changes are shown in the following table.

Vietnamese buyers did not respond very positively, especially toward HDPE film cargoes. The general concern is that local HDPE film market might fall further in the near term once the huge trunk of near prime and off-grade cargoes originated from the USA arrive the market. 

“Couple of other suppliers have already agreed to deals for HDPE film at $1260-1270/ton CIF Vietnam, and therefore, it is less likely that buyers would accept prices at higher levels. We placed bids for LLDPE film at $1120/ton,” a buyer said.