Vietnam’s domestic PE market firmed visibly on Tuesday as crude oil surged past $90/barrel and fresh Middle Eastern import offers emerged with steep price hikes and onerous logistical clauses.
Malaysian domestic polyolefin pricing is set to extend its upward trajectory into September, with PP poised to outperform PE on the back of acute upstream monomer inflation and prolonged regional supply bottlenecks.
A major Saudi Arabian producer has released its fresh PE offers to Vietnam for August shipment at elevated levels, but extended delivery lead times and restrictive logistical clauses have met with lukewarm buying interest.