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.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Initial ABS prices for July see larger increases than PS in Europe
- Supply constraints spark stronger PE trend than PP in global markets
- ABS, PS uptrend falters in China after H1 2020 ends at multi-month highs
- Stats: China’s total PP imports spike in May; Vietnam and India’s rising shares shine out
- Tight supply drives HDPE, LLDPE gains in Southeast Asia
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
