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Saudi homo-PP loses further ground in Vietnam: trader

by ChemOrbis Editorial Team -
  • 12/06/2015 (17:47)
A trader in Vietnam reported that import homo-PP prices for a Saudi origin posted further decreases this week while prices for other origins mostly remained steady. At the start of the week, the trader purchased 700 tons of homo-PP from a Saudi supplier at $1260/ton CIF, cash, down $20/ton from last week.

He stated, “We heard that another trader is giving homo-PP offers $30/ton below our recent purchase level. Hence, we are planning to request a prices reduction from our Saudi supplier.”

Meanwhile, another trader reported purchasing a small amount of homo-PP from a Saudi supplier at $1230/ton CIF, cash. “We are expecting to see further decreases. Hence, we did not purchase beyond our needs,” he commented.

In Vietnam, overall import homo-PP prices are currently reported at $1230-1340/ton on a CIF, cash equivalent basis.
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