Import PE offers on LC at sight, CIF Haiphong Port
Description: *Offers for August shipmentA Vietnamese converter voiced out to SSESSMENTS.COM that Vietnam’s PE market is flashing signs of the further price rally. According to the converter, most foreign producers are still attempting to mark up offer-level despite bearish sentiment amid slow end-product demand. In the domestic market, the converter did not get updates on offers for localized cargoes as the company is mostly sourcing from imports.
In the import market, the converter reported to SSESSMENTS.COM on receiving fresh import offers from Middle Eastern and Southeast Asian producers. For Middle East origin, the converter received August shipment offers for LLDPE Film C4 from a Saudi producer, with a range of increase between $60-70/ton on a month-on-month basis. As for Southeast Asia origin, the converter also received fresh import offers for Thai HDPE Film cargoes at $960/ton on LC at sight, CIF Haiphong Port, with no details on price comparison.
For the near-term outlook, the converter foresees that there would be more room for import PE prices to move higher, particularly for HDPE Film as supported by a supply shortage. Meanwhile, offers for LLDPE Film C4 are expected to remain firm at the current level.
Tags: Asia Pacific,English,Middle East,News,PE,SEA,Saudi Arabia,Thailand,Vietnam
Published on July 14, 2020 6:49 PM (GMT+8)Last Updated on July 14, 2020 6:49 PM (GMT+8)
