PolymerWednesday, 10 June 2026·India
Aggressive Chinese Offers Drag Vietnam LLDPE Film Market Lower
Vietnam's LLDPE film market remained under strong downward pressure this week as low-priced Chinese cargoes continued to flood the market. Both import and domestic prices fell further, with weak demand and comfortable supply levels preventing any meaningful recovery.
Chinese suppliers remained the most competitive sellers, offering material at increasingly attractive levels to secure orders. Their aggressive pricing strategy forced suppliers from the Middle East and other regions to reduce offers as well, intensifying competition across the market.
The impact was also felt in the domestic market, where distributors lowered prices again to stay aligned with falling import costs. Local values have now been declining for nearly two months, reflecting the absence of strong buying interest and the availability of cheaper imported material.
Market activity remained slow as most converters preferred to purchase only small quantities for immediate production needs. Buyers continued to delay larger purchases, expecting prices to move even lower in the coming weeks. Concerns about inventory losses and weak downstream demand also kept procurement activity limited.
Adding to the bearish sentiment, softer crude oil and ethylene prices reduced cost support across the polymer chain. With feedstock markets weakening and supply remaining plentiful, sellers faced increasing pressure to compete on price.
Despite the recent correction, many market participants believe LLDPE prices still have room to decline further. Current market levels remain above those seen before the Middle East conflict, while demand conditions remain significantly weaker than earlier in the year.
For now, oversupply, cautious buying behavior, and persistent pressure from Chinese exports are expected to keep the Vietnam LLDPE film market on a downward path.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
Chinese suppliers remained the most competitive sellers, offering material at increasingly attractive levels to secure orders. Their aggressive pricing strategy forced suppliers from the Middle East and other regions to reduce offers as well, intensifying competition across the market.
The impact was also felt in the domestic market, where distributors lowered prices again to stay aligned with falling import costs. Local values have now been declining for nearly two months, reflecting the absence of strong buying interest and the availability of cheaper imported material.
Market activity remained slow as most converters preferred to purchase only small quantities for immediate production needs. Buyers continued to delay larger purchases, expecting prices to move even lower in the coming weeks. Concerns about inventory losses and weak downstream demand also kept procurement activity limited.
Adding to the bearish sentiment, softer crude oil and ethylene prices reduced cost support across the polymer chain. With feedstock markets weakening and supply remaining plentiful, sellers faced increasing pressure to compete on price.
Despite the recent correction, many market participants believe LLDPE prices still have room to decline further. Current market levels remain above those seen before the Middle East conflict, while demand conditions remain significantly weaker than earlier in the year.
For now, oversupply, cautious buying behavior, and persistent pressure from Chinese exports are expected to keep the Vietnam LLDPE film market on a downward path.
Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.
