- A Philippines polyolefins producer contacted by SSESSMENTS.COM’s team informed on maintaining stable offers for local PP Homo Raffia from last week’s level. Currently, the offers are available at PHP64,000/ton ($1,293/ton) on cash, FD Philippines basis and including 12% VAT.
- Whereas in Indonesia, a converter reported to SSESSMENTS.COM that offers for import PP Homo Raffia of Saudi origin remained stable from last week’s level, available at $960/ton on LC at sight, CIF Indonesia Main Port basis. However, the converter has no intention in placing bids since the offers are deemed unworkable. Likewise, the trader is also objecting toward import PP Homo Raffia cargoes of Vietnam origin that offered at $990-1,000/ton on the same payment and delivery terms. The converter once asked the supplier for the best prices yet they are only willing to sell at $990/ton-level at the lowest. In the local market, the converter has yet to receive any fresh offers for PP Homo Raffia from the largest local trading house in the country this week, citing that the trader currently has limited stocks at their end.
