Jul 17, 2025 9:36 p.m.

Major Saudi Arabia lifted April PE offers to Vietnam

Major Saudi Arabia lifted April PE offers to Vietnam

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A major Saudi Arabia producer has implemented three-digits hike on their April PE cargoes to Vietnam today due to limited supply and drastic upsurge in ethylene costs in the past one month. The producer latest offers stand at $1220/t for HDPE film and $1220-1230/t for LLDPE film, all on CIF Vietnam, LC AS term, some $110-120/t above last month’s level.

A buyer received the new prices said, “We are considering this purchase as we are not optimistic about the medium term outlook. Ethylene market is very firm at the moment due to the maintenance shutdown season at regional crackers, however, we do think the supply condition should be better by May.”

 

 

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