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Saudi producer concludes PP deals at lower levels in SE Asia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/01/2015 (15:30)
A source from a Saudi Arabian producer reported that they have sold some PP cargoes to the Southeast Asian market with an additional reduction of $40/ton when compared to their done deal levels from the previous week. The source said that they sold out their PP quota to the region at $1010/ton CIF SEA, cash.

The source stated, “We are not feeling any sales pressure nowadays as our plant is shut for maintenance.”

In Southeast Asia, import homo-PP raffia and injection prices are currently reported in the range of $980-1100/ton on a CIF SEA, cash equivalent basis.
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