Malaysian major keeps October PE offers stable to firmer to Vietnam

According to market sources, a major Malaysian producer has announced October delivery offers to Vietnam with $50/ton hike on LDPE film cargoes while rolling over their HDPE film prices. The producer has also implemented $10/ton increment on other HDPE cargoes to the country including yarn, injection and blow molding grades.

The latest price list stand at $1250-1260/ton for LDPE film, $1150-1160/ton for HDPE film and $1160-1170/ton for HDPE yarn, injection and blow molding, all based on CIF Vietnam, LC AS term.

A market source informed, “The prices are a little bit above market expectation, however the maker might be lacking of sales pressure due to the upcoming turnaround at their PE plant. We are negotiating to replenish some LDPE film cargoes only.”