Major Saudi maker lifted PE prices to Vietnam

Vietnamese players reported receiving fresh HDPE and LLDPE film from a major Saudi Arabia maker for July delivery at $20-30/ton higher than last month. The producer latest price list stands at $1140/ton for HDPE film and $1170-1180/ton for LLDPE film, all based on CIF Vietnam, LC AS term.

A market source commented, “Our supplier informed they have very limited allocation for this month, hence they are not expecting any significant discount on deals, especially for LLDPE film. HDPE film meanwhile received less attention even in domestic market, from which we do expect larger markdown.”