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Vietnamese trader cuts local homo-PP prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/07/2015 (17:13)
A trader operating in Vietnam reported that they reduced their local homo-PP raffia and injection prices by VND500,000/ton ($23/ton) from last week. He attributed their reduction to persistently lackluster demand. According to him, declining crude oil prices are also exerting downward pressure on polymer markets.

The trader is now offering domestic PP raffia and injection cargoes at VND29,700,000/ton FD Vietnam, cash including VAT basis ($1256/ton without VAT).

In Vietnam, locally-held homo-PP prices are currently reported at VND29,700,000-30,300,000/ton ($1256-1282/ton without VAT)for raffia and at VND29,700,000-29,800,000/ton ($1256-1260/ton without VAT) for injection, all on an FD, cash equivalent including VAT basis.
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