A source reported to SSESSMENTS.COM that a Saudi PE producer is shrugging off the bid submitted by a Malaysian converter. For November shipment, the producer maintains firm offers for LLDPE Film C4 to Malaysia from a month earlier. The latest offers captured at $870/ton on LC at sight, CIF Malaysia Main Port basis.
Responding to the offer level, SSESSMENTS.COM was informed that a converter submitted bid at $850/ton with the same payment and delivery term, but the producer rejected the bid. Hence, the converter decided to skip procurement as the offer level is deemed high.
Tags: Asia Pacific,English,EN PE SEA NSS,Malaysia,NewsSSESSMENTS,Polyethylene (PE),Southeast Asia Malaysia PE Prices,PE Prices,Saudi PE pricesPublished on October 25, 2019 2:51 AM (GMT+8)
Last Updated on January 14, 2020 7:43 AM (GMT+8)