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Import PP prices from Thailand move lower in Indonesia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/07/2015 (17:10)
A trader operating in Indonesia reported that they reduced their import PP offers for a Thai origin by $25/ton from last week. “Demand is quite thin as many buyers have already started to leave the market for the approaching Ramadan holidays. We are open to negotiations on our new offers.”

The trader’s homo-PP raffia and injection offers for a Thai origin currently stand at $1280/ton on a CIF, cash basis.

Meanwhile, the trader added, “We are yet to start offering in rupiah as we are still internally discussing the issue in order to find ways to reduce risks from exchange rate fluctuations.”

In Indonesia, import PP raffia and injection prices currently stand at $1270-1280/ton on a CIF, cash equivalent basis.
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