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Southeast Asian players reported receiving fresh PP and PE offers from another major Saudi Arabia producer for August shipment with a larger reduction on PE cargoes. The producer’s price list is shown in the following table: 

Explaining the price decision, a source close to the producer informed that demand across Asia for PE is rather weak at the moment while aggressive Indian sellers are putting other suppliers in a tough position. 

“Some of our customers have expressed the acceptance levels for HDPE film at below $1300/ton threshold while trying to put more pressure on LLDPE film prices. We have not made any final decision and prefer to collect more bids,” the source added.