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Trader: Indian PP purchased at a discount in Vietnam

by ChemOrbis Editorial Team -
  • 10/11/2014 (05:10)
According to a trader, deals for Indian homo-PP are being concluded with discounts in Vietnam. PP prices have been tracking a declining trend over the last few weeks owing to softer upstream costs and rising supply levels stemming from the ongoing start-ups of new coal-based capacities in China.

The trader said that they purchased a total of 200 tons of Indian homo-PP injection and raffia at $1440/ton CIF Vietnam, cash at the end of last week. “We managed to secure a $10/ton discount from our supplier’s initial offer level and we heard that the seller later adjusted their offers down to the same price. We purchase a small quantity of material every time we see a fresh price reduction in order to maintain our stock levels,” the trader stated.

Import prices for homo-PP injection and raffia currently stand at $1440-1600/ton CIF SEA, cash equivalent basis.
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