A Vietnamese trader revealed to SSESSMENTS.COM that the leading Saudi polyolefins producer is holding firm offers for this week as the company has no inventory pressure. According to the trader, the producer maintained a stable offer level for HDPE Film, LDPE Film, and LLDPE Film C4 from last week’s level. So far, the producer has yet to receive any feedback from customers.
For PP, the trader said that the company has not received fresh offers to date. Market talks have it that the leading Indian petrochemical producer is offering PP Homo Raffia at $870/ton on LC at sight, CIF Vietnam Main Port basis, while offers for the same grades from the leading Saudi polyolefins producer are heard available at $930/ton with the same payment and delivery terms. However, the trader opined that buyers will be unwilling to buy these import cargoes as the offer level is considered too high.
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