- A trader reported to SSESSMENTS.COM that the trader’s offers for local PP Homo Raffia cargoes were adjusted down by CNY50/ton ($7/ton) from Monday’s level but buyers’ response remains cold so far. From the import market, the trader received offers for PP Homo Raffia cargoes of India origin at $830/ton on LC at sight, CIF China Main Port basis, which is deemed unworkable considering the current market situation.
- Another Chinese trader informed SSESSMENTS.COM that the company purchased PP Homo Raffia cargoes from the leading Indonesian polyolefins producer at $800/ton on LC at sight, CFR China Main Port basis. While for Vietnam market, the trader purchased PP Homo Raffia cargoes from the same producer at $810/ton on LC at sight, CIF Main Port basis. Further added, the trader is offering the cargoes to its customers in Vietnam at $825/ton on the same payment and delivery term yet faces difficulties to sell as most of them already have sufficient inventory on hand.
