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NewsSSESSMENTS: Price Competitiveness Hindered Vietnamese Buyers To Purchase Import PE Cargoes Of Certain Origin


A global trading house reported to SSESSMENTS.COM that price competitiveness hindered Vietnamese buyers to purchase import PE cargoes of a certain origin. Last week,  the offers for Saudi HDPE Film, HDPE Blow Moulding, and LDPE Film grades to Vietnam market increased between $20-30/ton on a weekly comparison. While on a monthly comparison, the offers for Saudi origin were $50/ton higher. The trader revealed that the allocation for Saudi cargoes has been sold out since the middle of last week with the done deals concluded at $20/ton lower than the initial offer level. 

For import Indian HDPE Yarn cargoes, the offers were available between $880-890/ton. However, the offers were deemed unworkable as most customers already completed the replenishment activity two weeks ago. While for US cargoes, the offers were only available at early last week at $830/ton for HDPE Film, HDPE Blow Moulding, and LLDPE Film C4. The trader stated to SSESSMENTS.COM that buyers were reluctant in making purchases as the offers for Saudi cargoes were deemed more competitive. All offers on LC at sight, CIF Vietnam Main Port basis.

Import PE offers on LC at sight, CIF Vietnam Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
Saudi ArabiaHDPE Blow MouldingOffer Given850
USAHDPE Blow MouldingOffer Given830
Saudi ArabiaHDPE FilmOffer Given850
Saudi ArabiaHDPE FilmSold830
USAHDPE FilmOffer Given830
IndiaHDPE YarnOffer Given880-890
Saudi ArabiaLDPE FilmSold930
USALLDPE Film C4Offer Given830

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

Published on June 29, 2020 3:28 PM (GMT+8)
Last Updated on June 29, 2020 3:28 PM (GMT+8)