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Trader:Saudi producer reveals Dec PP prices to SE Asian markets

by ChemOrbis Editorial Team -
  • 24/11/2014 (14:18)
An agent of a Saudi Arabian producer reported that their supplier has announced December homo-PP prices to the Southeast Asian markets with decreases. The producer’s December homo-PP raffia and injection prices stand at $1430/ton CIF SEA, cash, down $50/ton when compared to their November deal levels.

The trader stated, “Demand remains stagnant although crude oil prices seem to gain some stability. We are not feeling optimistic regarding the near-term demand outlook.”

In Southeast Asia, import homo-PP raffia and injection prices for Middle Eastern origins are now standing at $1420-1430/ton CIF SEA, cash equivalent basis.
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