According to the news on October 9th, according to relevant industry sources, the price of plastic raw materials in Vietnam is expected to weaken in early 2019, due to the fact that the plastic raw material polyethylene price in Vietnam is weakening in the 2018 Vietnam Ho Chi Minh International Plastics and Rubber Industry Exhibition. Demand growth.
According to industry sources, the amount of US PE imported from August to September in Vietnam soared to 10,000-20,000 tons/month.
According to sources, this figure is higher than the 6,300 tons in July and 3,500 tons per month in the first half of 2018.
It is reported that traders such as Tricon, Vinmar and OPEC have heard of the purchase of US-origin polyethylene and repackaged it into Vietnam, but the extent of the 'trade war' is only officially released in Vietnam in the fourth quarter. Will appear after that.
According to customs data, Saudi Arabia is the main source of Vietnam's PE imports of plastic raw materials in 2018, at 62,000 metric tons per month, an increase of 10,000 metric tons per month compared to 2017.
According to a survey of major traders in the country, Vietnam's overall PE demand growth in 2019 is estimated at 7%-10%.
Although some market participants said that overall PE growth could be as high as 15% next year, many sources did not expect the demand for general-purpose high-density polyethylene and linear low-density polyethylene to grow as strong as in the past few years.
Mitsubishi Vietnam traders said: 'In Vietnam, plastic raw materials PE are widely used in shopping bags. For export markets such as the EU and the US, people have been working hard to raise environmental awareness, so customers demand better quality film and recyclable or biodegradable Bag. '
The trader added that high-density bimodal and C6 or C8 metallocene LLDPEs may see strong growth as they can be used to make better quality packaging, while LLDPE and LDPE growth is not expected to change in the short term.
'Multilayer films for packaging and construction of polyethylene, such as pipeline grades, are growing rapidly and appearing as a branch.' Opec Plastics Manager said, adding that the growth of these markets may be as high as 20%.