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Vietnamese players: Indian producer cuts homo-PP prices

by ChemOrbis Editorial Team -
  • 07/11/2014 (10:59)
Three players in Vietnam reported that they received new homo-PP raffia and injection prices from an Indian producer with a decrease of $20/ton at $1450/ton on a CIF, cash basis.

A distributor stated that they are not planning to purchase material from the producer as they are receiving their previously placed orders nowadays. “We prefer to deplete our existing inventory instead of building up stocks,” he added. A second distributor said, “We remain cautious as prices are still on a softer path and they are not likely to stabilize in the near term.”

A manufacturer of household products, meanwhile, reported that they also received a $20/ton decrease from the producer. The buyer commented, “We are planning to wait for a while longer before deciding on our next move as prices continue to move lower.”

In Vietnam, import homo-PP injection and raffia prices are currently reported in the range of $1450-1510/ton CIF, cash equivalent basis.
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