Major Middle East producer lifted March PE offers to SEA

According to market sources, a major Saudi Arabia PE producer has announced March shipment prices for PE cargoes with $30-40/t increased compared to last month to reach $1100/t for HDPE film and $1100-1110/t for LLDPE film, CIF Vietnam, LC AS term. 

A Vietnamese trader received the new prices said, “International suppliers are raising their offers but local market has yet to pick up any spillover effect. We plan to bit at $1080/t for both HDPE and LLDPE film cargoes.”

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