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Saudi producer concludes PP deals with a decrease in SE Asia

by ChemOrbis Editorial Team -
  • 20/01/2015 (17:56)
A source from a Saudi Arabian producer reported that they concluded some homo-PP raffia and injection deals in the Southeast Asian market with a decrease of $30/ton when compared to their most recent deal level in the previous week. PP deals were concluded at $1050/ton CIF SEA, cash basis.

He commented, “Our customers are still placing lower bids, however, we are now refusing to conclude deals at a lower level as we are not feeling major sales pressure.”

In Southeast Asia, import homo-PP raffia and injection prices are currently reported in the range of $990-1050/ton on a CIF SEA, cash equivalent basis.
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