Relentless rally on international polyolefins prices shy away a Vietnamese trader from making fresh replenishment activities and prefers to focus on selling their remaining inventory. As contacted by SSESSMENTS.COM, the trader stated that the company will likely skip this month’s procurements due to the uptrend in international market prices. Within a month, the trader notices that import PE and PP offers have rapidly increased around $150/ton. Due to this, the trader decided to monitor the price further before making fresh procurements and would rather to move out cargoes as much as possible.
In terms of prices, the trader is currently offering localized US HDPE Blow Moulding, Malaysian LDPE Film and South Korean LLDPE Film C4 at VND500,000/ton ($21/ton) higher than last week’s level. As for PP cargoes, the trader is also offering localized PP Homo Raffia of South Korea origin and localized Southeast Asia PP Block Copolymer cargoes. In the import market, offers for PP Homo Film from a South Korean producer are absent this week. In the upcoming week, the trader will likely adjust up all PE and PP offers with the overall amount of about VND1,000,000/ton ($43/ton). However, no further reasons disclosed to SSESSMENTS.COM regarding the trader’s upcoming upward adjustments.
Localized PE, PP offers on cash, FD Haiphong basis (including 10% VAT in VND term and excluding VAT in USD term)
| Origin | Product | Transaction Type | Offers (VND/ton) | Equivalent in USD/ton |
|---|
| USA | HDPE Blow Moulding | Offer Given | 24,500,000 | 956 |
| Malaysia | LDPE Film | Offer Given | 26,500,000-27,000,000 | 1,034-1,054 |
| South Korea | LLDPE Film C4 | Offer Given | 24,000,000-24,500,000 | 937-956 |
| Southeast Asia | PP Block Copolymer | Offer Given | 27,000,000-28,000,000 | 1,054-1,093 |
| South Korea | PP Homo Raffia | Offer Given | 26,500,000 | 1,034 |
Import PP offers on LC at sight, CIF Haiphong Port
| Origin | Product | Transaction Type | Offers (USD/ton) |
|---|
| South Korea | PP Block Copolymer | Offer Received | 980 |
| South Korea | PP Homo Injection | Offer Received | 960-980 |
| South Korea | PP Homo Raffia | Offer Received | 960-980 |
Tags: Asia Pacific,English,News,PE,PP,SEA,Vietnam
Published on July 16, 2020 2:24 PM (GMT+8)
Last Updated on July 16, 2020 2:24 PM (GMT+8)
