Saudi Producer Raises October PE Offers Sharply in Vietnam

A major Saudi Arabian PE producer has announced its October offers to Vietnam, returning to substantial three-digit price increases after reducing prices over the previous month.

For October shipments, the producer increased its HDPE film offer by $140/ton compared with the previous month. Blow molding and injection grades were not included in the latest price list.

LDPE C4 film and LDPE film offers were raised by $150/ton, while LDPE coating and mLLDPE C6 increased by $200/ton. LLDPE film recorded the largest increase at $220/ton. LLDPE rotomolding was also absent from the October notification.

All offers are on a CIF Vietnam, cash basis.

October PE Offers

HDPE Film

Price: $1,450/ton

Change: Up $140/ton

LLDPE Film

Price: $1,450-1,460/ton

Change: Up $220/ton

mLLDPE C6

Price: $1,500/ton

Change: Up $200/ton

LLDPE Injection

Price: $1,500/ton

Change: Up $200/ton

LDPE Film

Price: $1,600/ton

Change: Up $150/ton

LDPE Coating

Price: $1,700/ton

Change: Up $200/ton

The latest offers come as Southeast Asian PE prices remain close to three-month highs, supported by elevated crude oil and feedstock costs and tighter availability, particularly from the Middle East amid continuing geopolitical tensions.

A Vietnamese trader recently reported that many sellers had already sold out their available stocks, allowing suppliers with remaining material to maintain higher price levels. Despite generally weak demand, branded Middle Eastern PE continued to attract relatively healthy interest because of its limited availability.

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