monthlyssessments-may-vietnam-pe-prices

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Import PE offers to Vietnam surged at the end of the month
Buying sentiment slightly improved in the final week of the month
Market players predict that the price trend would not last for a long time

In general, localized PE prices in Vietnam during May were showing an increase week by week. On the week commencing May 4, localized LLDPE Film C4 of South Korea origin went down by VND700,000/ton ($30/ton) as compared to the previous deals for April delivery. However, in the upcoming week, the rebound in crude oil prices and the further easing of coronavirus lockdown, supported localized PE prices to increase around VND1,000,000/ton ($43/ton) as compared to a week earlier. Further price increases captured on the week commencing May 18. SSESSMENTS.COM noted that on a weekly comparison offers for localized HDPE Film of Saudi origin were up between VND700,000-800,000/ton ($30-34/ton). Likewise, localized LDPE Film of Malaysia origin and LLDPE Film C4 of US origin increased by VND500,000/ton ($21/ton). While on a monthly comparison, localized Saudi LLDPE Film C4 rose by VND100,000/ton ($4/ton). In the final week of the month, limited supply on the traders’ end provided another supporting factor for localized LDPE Film of Saudi origin and LLDPE Film C4 of South Korea origin to increase by VND500,000/ton ($21/ton) as compared to a week earlier.

In the import market, in the week commencing May 4, the leading Saudi polyolefins producer reduced the offers for LLDPE Film C4 by $10/ton as compared to a week earlier. While another Saudi producer increased HDPE Film and LLDPE Film C4 prices by $20/ton compared to April’s level. For mLLDPE C6 of US origin, the offers dropped by $30/ton from a week earlier. In the following week, a Malaysian polyolefins producer announced offers for June shipment with an increment of $20/ton for HDPE Film and $50/ton for LDPE Film compared to offers for May shipment. For Middle Eastern cargoes, HDPE Film and LLDPE Film C4 of Saudi origin increased by $10/ton on a weekly comparison. Further price increases captured on the week commencing May 18. The leading Saudi polyolefins producer adjusted up the offers for HDPE Film by $20/ton. For LDPE Film and LLDPE Film C4, the offers were stable to firmer by $30-40/ton. For Thailand cargoes, offers for HDPE Film, LDPE Film, and LLDPE Film C4 edged higher by $10/ton. In the final week of the month, SSESSMENTS.COM noted a significant upward price adjustment from the leading Saudi polyolefins producer. Offers for HDPE Film, LDPE Film, and LLDPE Film C4 increased by $70/ton, $100/ton, and $80/ton respectively. All price changes were on a weekly comparison. Meanwhile, another Saudi producer increased the offers for LLDPE Film C4 by $70/ton compared to May shipment offers.

Buying sentiment reported subdued in the first three weeks of the month. Buyers were actively submitting inquiries, however, deals remained scarce. SSESSMENTS.COM was told that sufficient inventory on-hand, slow demand for the end-products, and fears of Coronavirus dampened buying sentiment for PE resins. The situation changed in the final week of the month. Buying sentiment for PE resins improved in-line with the increases of inquiries for converters’ end-products. Most converters were running at 80% of the normal capacity. On the supply front, most traders in the country were holding a low inventory level during the last week of the month. Traders preferred to procure on a hand-to-mouth basis to avoid any losses amid a lot of uncertainties in the market.

Despite PE prices and demand were crawling up week by week during May, Vietnamese market players are being sceptical that the uptrend would prolong until June. Once converters are done in restocking activities, demand will be back to a slow pace and cast a pressure on PE prices due to the lack of supporting factors, SSESSMENTS.COM was told.

Click below to view related stories and content on Vietnam PE:

MonthlySSESSMENTS: April Vietnam PE Prices

WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 4

WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 11

WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 18

WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 25

<ul><li class="ql-align-justify">Import PE offers to Vietnam surged at the end of the month</li><li class="ql-align-justify">Buying sentiment slightly improved in the final week of the month</li><li class="ql-align-justify">Market players predict that the price trend would not last for a long time</li></ul>In general, localized PE prices in Vietnam during May were showing an increase week by week. On the week commencing May 4, localized LLDPE Film C4 of South Korea origin went down by VND700,000/ton ($30/ton) as compared to the previous deals for April delivery. However, in the upcoming week, the rebound in crude oil prices and the further easing of coronavirus lockdown, supported localized PE prices to increase around VND1,000,000/ton ($43/ton) as compared to a week earlier. Further price increases captured on the week commencing May 18. <a href="http://ssessments.com" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">SSESSMENTS.COM</a> noted that on a weekly comparison offers for localized HDPE Film of Saudi origin were up between VND700,000-800,000/ton ($30-34/ton). Likewise, localized LDPE Film of Malaysia origin and LLDPE Film C4 of US origin increased by VND500,000/ton ($21/ton). While on a monthly comparison, localized Saudi LLDPE Film C4 rose by VND100,000/ton ($4/ton). In the final week of the month, limited supply on the traders’ end provided another supporting factor for localized LDPE Film of Saudi origin and LLDPE Film C4 of South Korea origin to increase by VND500,000/ton ($21/ton) as compared to a week earlier.In the import market, in the week commencing May 4, the leading Saudi polyolefins producer reduced the offers for LLDPE Film C4 by $10/ton as compared to a week earlier. While another Saudi producer increased HDPE Film and LLDPE Film C4 prices by $20/ton compared to April’s level. For mLLDPE C6 of US origin, the offers dropped by $30/ton from a week earlier. In the following week, a Malaysian polyolefins producer announced offers for June shipment with an increment of $20/ton for HDPE Film and $50/ton for LDPE Film compared to offers for May shipment. For Middle Eastern cargoes, HDPE Film and LLDPE Film C4 of Saudi origin increased by $10/ton on a weekly comparison. Further price increases captured on the week commencing May 18. The leading Saudi polyolefins producer adjusted up the offers for HDPE Film by $20/ton. For LDPE Film and LLDPE Film C4, the offers were stable to firmer by $30-40/ton. For Thailand cargoes, offers for HDPE Film, LDPE Film, and LLDPE Film C4 edged higher by $10/ton. In the final week of the month, <a href="http://ssessments.com" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">SSESSMENTS.COM</a> noted a significant upward price adjustment from the leading Saudi polyolefins producer. Offers for HDPE Film, LDPE Film, and LLDPE Film C4 increased by $70/ton, $100/ton, and $80/ton respectively. All price changes were on a weekly comparison. Meanwhile, another Saudi producer increased the offers for LLDPE Film C4 by $70/ton compared to May shipment offers.Buying sentiment reported subdued in the first three weeks of the month. Buyers were actively submitting inquiries, however, deals remained scarce. <a href="http://ssessments.com" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">SSESSMENTS.COM</a> was told that sufficient inventory on-hand, slow demand for the end-products, and fears of Coronavirus dampened buying sentiment for PE resins. The situation changed in the final week of the month. Buying sentiment for PE resins improved in-line with the increases of inquiries for converters’ end-products. Most converters were running at 80% of the normal capacity. On the supply front, most traders in the country were holding a low inventory level during the last week of the month. Traders preferred to procure on a hand-to-mouth basis to avoid any losses amid a lot of uncertainties in the market.Despite PE prices and demand were crawling up week by week during May, Vietnamese market players are being sceptical that the uptrend would prolong until June. Once converters are done in restocking activities, demand will be back to a slow pace and cast a pressure on PE prices due to the lack of supporting factors, <a href="https://www.ssessments.com/" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">SSESSMENTS.COM</a> was told. Click below to view related stories and content on Vietnam PE:<a href="https://www.ssessments.com/monthlyssessments-april-vietnam-pe-prices-" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">MonthlySSESSMENTS: April Vietnam PE Prices</a><a href="https://www.ssessments.com/weeklyssessments-vietnam-pe-prices-week-starting-may-4" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 4</a><a href="https://www.ssessments.com/weeklyssessments-vietnam-pe-prices-week-starting-may-11" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 11</a><a href="https://www.ssessments.com/weeklyssessments-vietnam-pe-prices-week-starting-may-18" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 18</a><a href="https://www.ssessments.com/weeklyssessments-vietnam-pe-prices-week-starting-may-25" rel="noopener noreferrer" target="_blank" style="background-color: transparent; color: rgb(17, 85, 204);">WeeklySSESSMENTS: Vietnam PE Prices Week Starting May 25</a>

Transactions for localized PE between May 1 to May 8, FD basis (including 10% VAT in VND term, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (VND/ton)	Equivalent in USD/ton	Delivery Location
USA	HDPE Film	Offer Given	19,800,000	772	Ho Chi Minh
Qatar	HDPE Film	Offer Given	20,000,000	779	Ho Chi Minh
Saudi	LDPE Film	Offer Received	24,000,000	935	Haiphong
Saudi	LLDPE Film C4	Offer Given	20,500,000	799	Haiphong
Saudi	LLDPE Film C4	Offer Received	21,000,000-21,500,000	818-838	Haiphong
South Korea	LLDPE Film C4	Offer Received	20,500,000	799	Haiphong
South Korea	LLDPE Film C4	Buy Idea	20,300,000-20,500,000	791-799	Haiphong
Thailand	LLDPE Film C4	Offer Given	21,000,000	818	Haiphong

Transactions for import PE between May 1 to May 8 on LC at sight, CIF Vietnam Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
North America	HDPE Blow Moulding	Offer Received	710-760
North America	HDPE Blow Moulding	Offer Given	700
North America	HDPE Blow Moulding	Bid Given	730-740
North America	HDPE Blow Moulding	Sold	700
Middle East	HDPE Film	Offer Received	710-770*
Middle East	HDPE Film	Offer Given	730
Middle East	HDPE Film	Purchased	730-750
Southeast Asia	HDPE Film	Offer Received	780
Southeast Asia	HDPE Film	Sold	730-740
North America	HDPE Film	Offer Received	700-710
North America	HDPE Film	Purchased	710
Middle East	HDPE Pipe	Offer Given	880
Middle East	LDPE Film	Offer Received	840-860*
Middle East	LDPE Film	Offer Given	840
Middle East	LDPE Film	Sold	840
Southeast Asia	LDPE Film	Offer Received	870
Middle East	LLDPE Film C4	Sold	690-730
Middle East	LLDPE Film C4	Offer Received	725-750
Middle East	LLDPE Film C4	Offer Given	750
Middle East	LLDPE Film C4	Purchased	720
Southeast Asia	LLDPE Film C4	Offer Received	750
Southeast Asia	LLDPE Film C4	Sold	730-740
North America	LLDPE Film C4	Offer Received	710
North America	LLDPE Film C4	Purchased	710
North America	mLLDPE C6	Offer Received	980
Southeast Asia	mLLDPE C6	Offer Received	980

Description: *Shipment from Singapore/Malaysia

Transactions for localized PE between May 11 to May 15, FD basis (including 10% VAT in VND term, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (VND/ton)	Equivalent in USD/ton	Delivery Location
Saudi	HDPE Film	Offer Received	19,300,000-19,400,000	752-756	Haiphong
Saudi	HDPE Film	Buy Idea	20,500,000	799	Haiphong
Saudi	HDPE Film	Offer Given	20,800,000-20,900,000	810-814	Ho Chi Minh
USA	HDPE Film	Offer Given	20,300,000	791	Ho Chi Minh
Thailand	HDPE Film	Offer Given	22,300,000	869	Ho Chi Minh
Saudi	LLDPE Film C4	Offer Received	22,500,000	877	Haiphong

Transactions for import PE between May 11 to May 15 on LC at sight, CIF Vietnam Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Far East Asia	HDPE Blow Moulding	Purchased	800
Far East Asia	HDPE Film	Offer Received	800
Indian Subcontinent	HDPE Film	Offer Received	730
North America	HDPE Film	Offer Received	720-760
North America	HDPE Film	Offer Given	720-730
North America	HDPE Film	Bid Received	700
North America	HDPE Film	Buy Idea	710-720
Middle East	HDPE Film	Offer Received	740*-780
Middle East	HDPE Film	Purchased	740*
Southeast Asia	HDPE Film	Offer Received	780*-810
Middle East	LDPE Film	Offer Received	860-880
Middle East	LDPE Film	Offer Given	850
Middle East	LDPE Film	Purchased	860
Middle East	LDPE Film	Sold	850
Southeast Asia	LDPE Film	Offer Given	900
Southeast Asia	LDPE Film	Offer Received	880-910*
Indian Subcontinent	LLDPE Film C4	Offer Received	740
Middle East	LLDPE Film C4	Offer Received	730-770
Middle East	LLDPE Film C4	Buy Idea	660-670
Middle East	LLDPE Film C4	Purchased	740*-770
North America	LLDPE Film C4	Offer Received	720
North America	LLDPE Film C4	Offer Given	720-730
North America	LLDPE Film C4	Bid Received	700
Southeast Asia	LLDPE Film C4	Offer Received	810

Description: *Offers for June shipment

Transactions for localized PE between May 18 to May 22, FD basis (including 10% VAT in VND term, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (VND/ton)	Equivalent in USD/ton	Delivery Location
Thailand	HDPE Blow Moulding	Offer Given	23,000,000	896	Haiphong
Saudi Arabia	HDPE Film	Offer Given	22,000,000-22,500,000	857-877	Ho Chi Minh
Malaysia	LDPE Film	Offer Given	24,000,000-25,000,000	935-974	Haiphong
Saudi Arabia	LLDPE Film C4	Offer Given	21,000,000-22,500,000*	818-877	Haiphong
South Korea	LLDPE Film C4	Sell Idea	21,200,000-21,300,000	826-830	Haiphong
USA	LLDPE Film C4	Offer Given	20,000,000-20,500,000	779-799	Haiphong
USA	LLDPE Film C4	Offer Received	19,800,000-19,900,000	772-775	Haiphong

Description: *High-quality materials

Transactions for import PE between May 18 to May 22 on LC at sight, CIF Vietnam Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Far East Asia	HDPE Film	Offer Received	780
Middle East	HDPE Film	Offer Received	770**-780
Southeast Asia	HDPE Film	Offer Received	790-820
Indian Subcontinent	HDPE Yarn	Offer Received	740
Middle East	LDPE Film	Offer Received	860-880
Southeast Asia	LDPE Film	Offer Received	910-920
Southeast Asia	LDPE Film	Purchased	900-910*
Central & East Europe	LDPE Film	Buy Idea	790
Far East Asia	LLDPE Film C4	Offer Received	810
Middle East	LLDPE Film C4	Offer Received	750**-770
North America	LLDPE Film C4	Offer Received	720
Southeast Asia	LLDPE Film C4	Offer Received	820
North America	mLLDPE C6	Sell Idea	1,010

Description: *High-quality materials **Shipment from Singapore

Transactions for localized PE between May 25 to May 29, FD basis (including 10% VAT in VND term, excluding VAT in USD terms)

Origin	Product	Transaction Type	Offers (VND/ton)	Equivalent in USD/ton	Delivery Location
Saudi	HDPE Film	Offer Received	21,000,000-21,300,000	818-830	Haiphong
Saudi	HDPE Film	Offer Received	22,700,000	885	Ho Chi Minh
Saudi	LDPE Film	Offer Received	25,000,000-25,500,000	974-994	Haiphong
Saudi	LDPE Film	Offer Given	26,500,000	994	Ho Chi Minh
Saudi	LDPE Film	Offer Received	24,800,000-25,000,000	966-974	Ho Chi Minh
Thailand	LDPE Film	Offer Given	26,000,000	1,013	Ho Chi Minh
South Korea	LLDPE Film C4	Offer Received	21,000,000-21,500,000	818-838	Haiphong

Transactions for import PE between May 25 to May 29 on LC at sight, CIF Vietnam Main Port basis

Origin	Product	Transaction Type	Offers (USD/ton)
Middle East	HDPE Blow Moulding	Price List	850
Middle East	HDPE Blow Moulding	Offer Received	850
Far East Asia	HDPE Film	Offer Received	780
Middle East	HDPE Film	Offer Given	800
Middle East	HDPE Film	Offer Received	800-860
Middle East	HDPE Film	Buy Idea	770-820
Middle East	HDPE Film	Purchased	840-860
Middle East	HDPE Film	Price List	840-880
Southeast Asia	HDPE Film	Offer Received	840
Southeast Asia	HDPE Film	Offer Given	860
Southeast Asia	HDPE Film	Sold	840
Far East Asia	LDPE Film	Offer Received	950
Middle East	LDPE Film	Offer Received	960*
Middle East	LDPE Film	Purchased	960*
Middle East	LDPE Film	Price List	960-1,000
Southeast Asia	LDPE Film	Offer Received	940
Far East Asia	LLDPE Film C4	Offer Received	780
Far East Asia	LLDPE Film C4	Purchased	780
Middle East	LLDPE Film C4	Offer Received	800-850*
Middle East	LLDPE Film C4	Bid Given	750
Middle East	LLDPE Film C4	Buy Idea	770-820*
Middle East	LLDPE Film C4	Price List	850-870
Singapore	LLDPE Film C4	Offer Given	800

Description: *Shipped from Singapore/Malaysia

Tags: Asia Pacific,English,Monthly,PE,SEA,Vietnam

Published on June 3, 2020 9:24 AM (GMT+8)
Last Updated on June 3, 2020 9:24 AM (GMT+8)

MonthlySSESSMENTS: May Vietnam PE Prices

Author: SSESSMENTS

MonthlySSESSMENTS: May Vietnam PE Prices

Author: SSESSMENTS

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