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Middle Eastern raffia prices step back in Vietnam: buyer

by ChemOrbis Editorial Team - content@chemorbis.com
  • 15/05/2015 (10:28)
A woven bag manufacturer in Vietnam reported that their Saudi Arabian supplier adjusted their import PP raffia prices downward by $20/ton this week, bringing their new offers to $1380/ton on a CIF Vietnam, cash basis.

The buyer stated, “We secured a large amount of material at a high level at the beginning of the month. Hence we are feeling a bit worried now as prices are likely to change direction in the near term.”

In Vietnam, overall import PP raffia prices currently stand at $1373-1420/ton on a CIF Vietnam, cash equivalent basis.
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