Localized PE offers on cash, FD Vietnam basis (including 10% VAT in VND term and excluding VAT in USD term)
Import PE offers on LC at sight, CIF Vietnam Main Port basis
Read in another language:
A Vietnamese trader informed SSESSMENTS.COM on adjusting localized PE offers of various origins in order to keep up with the international market trend. This week, the trader received offers for LDPE Film of Thailand and Malaysia origin, which the prices are considered high, especially for Thailand cargoes. Considering the high prices in the international market, the trader decided to raise their offers for localized cargoes as well. For LDPE Film cargoes, the localized offers of Malaysia origin were adjusted up by VND500,000/ton ($21/ton) from last week’s level. While for LLDPE Film C4 cargoes, the localized offers went up by VND500,000/ton ($21/ton) for US origin on a weekly comparison and by VND1,000,000/ton ($42/ton) for Saudi origin on a monthly comparison.
Speaking of the demand, sales for their end-products remain slow this week. The number of transactions remains limited despite the firmer ethylene prices. Likewise, demand from the export market is also weak and showed no improvement week over week, SSESSMENTS.COM was told.
Click below to view related stories and content on PE:
NewsSSESSMENTS: Turkey Producer Mulls Over Selling PE Cargoes To Vietnam Market
Localized PE offers on cash, FD Vietnam basis (including 10% VAT in VND term and excluding VAT in USD term)
Origin | Product | Transaction Type | Offers (VND/ton) | Equivalent in USD/ton |
---|---|---|---|---|
Malaysia | LDPE Film | Offer Given | 25,000,000 | 969 |
Saudi | LLDPE Film C4 | Offer Given | 21,000,000-22,500,000 | 814-872 |
USA | LLDPE Film C4 | Offer Given | 20,000,000-20,500,000 | 775-795 |
Import PE offers on LC at sight, CIF Vietnam Main Port basis
Origin | Product | Transaction Type | Offers (USD/ton) |
---|---|---|---|
Malaysia | LDPE Film | Purchased | 900 |
Thailand | LDPE Film | Offer Received | 920 |
Tags: Asia Pacific,English,News,PE,SEA,Vietnam
Published on May 21, 2020 2:30 PM (GMT+8)SHARE THIS STORY