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Vietnamese converter receives lower Saudi PP offer

by ChemOrbis Editorial Team -
  • 10/07/2015 (16:08)
A household products manufacturer operating in Vietnam reported that he received an import homo-PP injection offer for a Saudi origin with a reduction of $30/ton compared to the beginning of the week at $1200/ton on a CIF, cash basis.

The buyer commented, “We heard that many Chinese buyers are not willing to make purchases from the import market at the moment as more attractive prices are obtainable in their local market. Meanwhile, our end product business is not going well nowadays. Hence, we are not sure whether to purchase this material. Plus, we feel that prices still have room to decrease in the days ahead.”

In Vietnam, import homo-PP prices for Middle Eastern origins currently stand at $1200-1260/ton for raffia and at $1200-1250/ton for injection, all on a CIF, cash equivalent basis.
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