- A Thai trader reported to SSESSMENTS.COM that the offers for PP Homo Raffia from the local producers have been adjusted higher by THB1,000/ton ($31/ton) from last week. Despite the upward adjustment, finished product sales from the converters’ end remain slow. Hence, buyers are unwilling to place orders and prefer to wait until the offers to be adjusted down in the upcoming weeks. To the export market, the offers for PP Homo Raffia from one of the Thai producers also increased by $30/ton from last week, available at $915/ton on LC at sight, CIF Vietnam Main Port basis. However, the trader opined that customers will be most likely unwilling to take the cargoes at such a level.
- Meanwhile, a Vietnamese trader informed that import offers for Saudi PP Homo Raffia to Vietnam market captured lower by $10/ton from a week earlier. However, SSESSMENTS.COM was told that customers are unwilling to make purchases and prefer to delay the procurement activity as the offers are expected to move even lower in the days to come.
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