Import homo-PP prices break below $1400/ton in Vietnam
A distributor stated that their Middle Eastern supplier implemented a further discount of $30/ton on their homo-PP raffia and injection offers which are now standing at $1380/ton CIF Vietnam, cash. He said, “We are still uncertain whether to make a purchase at this level.”
A second distributor reported that their Middle Eastern supplier has adjusted their homo-PP raffia and injection offers down to $1380/ton CIF, cash after they purchased at the $1410/ton level. The distributor commented, “We are not purchasing large quantities as prices are falling. We feel that the market may continue to see further drops in the coming term.”
A trader based in Singapore reported concluding homo-PP raffia and injection deals in Vietnam at $1390/ton CIF, cash. The seller stated, “Our initial offer was standing at $1440/ton CIF, cash. After negotiations, we agreed to give $50/ton decreases in order to conclude deals.” Meanwhile, a converter in Vietnam stated that they purchased some Singaporean homo-PP cargoes at $1390/ton CIF, cash. The buyer commented, “We found this level to be attractive and purchased around 200 tons of materials. We are buying on need-only basis nowadays due to the weaker international markets.”
In Vietnam, overall import homo-PP raffia and injection prices are currently standing at $1380-1520/ton CIF Vietnam, cash equivalent basis.
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