Trader: Saudi producer lowers Dec PP prices to Vietnam
by ChemOrbis Editorial Team - content@chemorbis.com
According to a trader in Vietnam, a Saudi Arabian producer has announced their December prices for homo-PP with reductions from November. The trader received offers for homo-PP injection and raffia from the supplier at $1410/ton CIF Vietnam, cash, $60/ton lower than the most recent offers they received for the same origin and $30/ton below the most recent prices reported in the market for the same supplier. “Demand in the local market is sluggish and most buyers are trying to negotiate for further discounts before purchasing,” the trader stated.
Another trader also reported receiving December prices from the same supplier at $1410/ton CIF, cash while adding that they also received prices from another Saudi producer at $1430/ton with the same terms. “We are not seeing strong demand from Vietnam and we think that prices may still have some room to move down,” the trader added.
Import homo-PP injection and raffia prices currently stand at $1410-1500/ton CIF Vietnam, cash.
Another trader also reported receiving December prices from the same supplier at $1410/ton CIF, cash while adding that they also received prices from another Saudi producer at $1430/ton with the same terms. “We are not seeing strong demand from Vietnam and we think that prices may still have some room to move down,” the trader added.
Import homo-PP injection and raffia prices currently stand at $1410-1500/ton CIF Vietnam, cash.
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