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Trader reduces locally-held PP prices to Vietnam

by ChemOrbis Editorial Team - content@chemorbis.com
  • 08/12/2014 (11:45)
A trader in Vietnam reported that they reduced their locally-held PP prices by VND1,200,000/ton ($55/ton) in line with the recent declines in upstream costs. The trader’s offers for Saudi Arabian PP raffia and injection are now standing at VND33,500,000/ton FD Vietnam, cash inc VAT ($1444/ton without VAT). He stated that he is feeling bearish regarding the near term outlook.

In Vietnam’s local PP market, prices continue to follow a softening path in line with weaker global upstream markets. According to data from ChemOrbis Price Index, locally-held PP prices in the country have sunk to their lowest levels since 2013.
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