Mar 29, 2024 6:31 p.m.

Saudi maker opens April PE offers to the Southeast Asia market

Saudi maker opens April PE offers to the Southeast Asia market

Title

HD Film LL C4 Film

Available in

Regional buyers reported having received fresh PE offers from a major Saudi Arabia producer for April shipment with a $20-30/ton reduction from the previous month. The latest offers and changes are shown in the following table: 

Grade

Price List on 24 Mar. 2020

Changes

Term

Combined and reported by CommoPlast

HDPE film

$800

-$30

CIF Indonesia

LLDPE film

$810-820

-$30

CIF Indonesia

 

HDPE film

$820

-$20

CIF Vietnam

LLDPE film

$820-830

-$30

CIF Vietnam

 

Vietnamese buyers started to place bids for the cargoes in the range of $780-790/ton citing the rapid decline in the nearby Chinese market and the bearish near-term outlook. “The market fundamental is very weak; many manufacturers are facing lower export orders as a result of the Covid-19 outbreak in the USA and Europe. We are looking at the prices below the $800/ton mark,” a buyer commented.

In Indonesia, despite the fact that importers are set to receive the renewed BMDTP in April, demand remains sluggish due to the steep depreciation of the Rupiah against the US dollar. 

 

Country

Indonesia
Vietnam