Trader lifts import PP prices to Vietnam
by ChemOrbis Editorial Team - content@chemorbis.com
A trader based in Vietnam reported that they have implemented an increase of $20/ton on their import PP injection and raffia prices for Saudi Arabian origins, bringing their new offers to $1340/ton CIF Vietnam, cash.
He commented, “We raised our prices by $20/ton today after concluding some deals at $1320/ton CIF, cash in the last two days. We are still waiting to see customers’ responses to our higher price while we believe that the market will follow a firming trend in the days ahead, supported by tight supplies.”
In Vietnam, overall import PP prices currently stand at $1305-1360/ton for raffia and at $1320-1360/ton for injection, all on a CIF Vietnam, cash equivalent basis.
He commented, “We raised our prices by $20/ton today after concluding some deals at $1320/ton CIF, cash in the last two days. We are still waiting to see customers’ responses to our higher price while we believe that the market will follow a firming trend in the days ahead, supported by tight supplies.”
In Vietnam, overall import PP prices currently stand at $1305-1360/ton for raffia and at $1320-1360/ton for injection, all on a CIF Vietnam, cash equivalent basis.
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