A plastic bag manufacturer in Vietnam reported receiving new January prices for LLDPE and HDPE film from a Saudi Arabian supplier with $70/ton decreases from the most recent offers they received from the supplier in spite of firmer ethylene costs. “While spot ethylene remains firm, we believe that sufficient supplies and limited demand will continue to push down PE prices. We only purchased a few containers last month and we are happy to report that we will not suffer any major loss stemming from the sharp decline in our raw material costs,” the buyer stated.