- A global trading house informed SSESSMENTS.COM that last week, the offers for import Middle Eastern PP Homo Raffia cargoes remained stable on a weekly comparison at $930/ton on LC at sight, CIF Vietnam Main Port basis. Buyers placed bids at $10/ton lower than the initial offer level but rejected, and eventually deals were concluded at the initial offer level. The trader was also offering South African PP Homo Raffia cargoes and most customers were not interested in taking the cargoes. Some customers submitted bids at $920/ton with the same payment and delivery term and the trader is still considering whether to accept the bids or not. Overall, buying sentiment was quite good last week.
- Market sources reported to SSESSMENTS.COM that the leading Indonesian polyolefins producer has announced the price list for the week commencing June 29. Compared to a week earlier, the offers for PP Homo Raffia are kept stable at IDR15,060,000/ton ($1,049/ton) on cash, FD Indonesia, and excluding 10% VAT.
