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Another major Saudi Arabia producer has announced December delivery offers to Vietnam today with decreases for both PP and PE compared to last month. The maker reduced $10-20/ton on PP cargoes and $30/ton on LLDPE film.

Latest offers stand at $1030/ton for homo-PP yarn and injection, $1080/ton for PP block copolymers, $1180/ton for LLDPE film and $1140/ton for HDPE film, all based on CIF Vietnam, LC AS term.

A distributor said, “Market is psychologically affected by low priced cargoes from deep-seas origins. Many buyers are placing bids at drastic reduction. We are taking conservative stance for now.”