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Trader: South Korean homo-PP prices move lower in Vietnam

by ChemOrbis Editorial Team -
  • 03/12/2014 (18:00)
A trader based in Vietnam reported that they received significantly lower prices for South Korean homo-PP cargoes this week. The trader received offers for a South Korean origin at $1310/ton CIF, cash for raffia and at $1500/ton with the same terms for PP coating. Compared with the past week, these offers are down by $110/ton for PP coating and by $190/ton for PP raffia.

“The supplier plans to deal directly with their customers in Vietnam next year, so they are moving to clear the stocks from their trading arms before the New Year holidays. We may make some purchases soon, but we will not buy in large quantities as local demand is not very encouraging and locally-held prices are moving steadily lower in the face of resistance from buyers,” the trader commented.

Import prices for homo-PP injection and raffia currently stand at $1310-1490/ton CIF Vietnam, cash equivalent basis.
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