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Saudi producer lifts homo-PP offers to Indonesia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 27/12/2016 (16:23)
A global trader reported that, a Saudi Arabian producer increased their January homo-PP raffia offers to Indonesia when compared to their most recent December levels. According to the trader, the producer raised its offer by $40/ton to $1080/ton CIF Indonesia, cash.

Regarding the producer’s new offer, the trader said, “We aren’t feeling sure if this new level will see acceptance from buyers. We are receiving only a few bids nowadays since most buyers have sufficient inventory levels and they are mostly sidelined given the upcoming holidays.”
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