A major Malaysian producer has implemented a steep $270/ton increase across its August LDPE offers to Vietnam, sharply reversing the steep price cuts executed last month as acute regional supply constraints shift market leverage firmly back to sellers.
A major Saudi Arabian producer has released its fresh PE offers to Vietnam for August shipment at elevated levels, but extended delivery lead times and restrictive logistical clauses have met with lukewarm buying interest.
| PP | LLDPE | PVC | |
|---|---|---|---|
| Close (CNY/ton) | 8,573 +169 | 8,091 +237 | 4,581 +86 |
| Close (USD/ton) | 1,126 +25 | 1,062 +35 | 601 +13 |
| Volume | 328,721 -51220 | 226,058 -10805 | 538,927 -57682 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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| PX | PTA | MEG | |
|---|---|---|---|
| Close (CNY/ton) | 8,264 +296 | 6,030 +290 | 5,171 +298 |
| Close (USD/ton) | 1,085 +44 | 792 +43 | 679 +44 |
| Volume | 156,369 +7829 | 563,647 +6037 | 322,109 +30357 |
| * All USD prices are excluding VAT basis Volume indicates number of contracts |
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