- Market sources in Indonesia revealed to SSESSMENTS.COM that the leading polyolefins producer in the country has announced a fresh price list for the week commencing May 4, 2020. As compared to the previous price list, the producer initiated a price reduction of IDR150,000/ton ($8/ton) for PP Homo Raffia. The latest offers from the producer are available at IDR13,330,000/ton ($888/ton) on cash, FD Indonesia basis, and excluding 10% VAT. Meanwhile, the producer’s offers for PP Yarn Higher MFI remain absent this week.
- A global trading house informed SSESSMENTS.COM that last week, the company was trying to get firm bids for Middle Eastern PP Homo Raffia cargoes at $800/ton on LC at sight, CIF Vietnam Main Port basis as the company’s sell idea was at that level. Unfortunately, such a level was deemed unacceptable by buyers. Similarly, no deals concluded for PP Homo Raffia of South Korea origin at $820/ton on the same payment and delivery terms. This week, the trader plans to buy some cargoes but is still unsure about the current price trend.
Click below to view related stories and content on PP:
DailySSESSMENTS: SEA PP Price 30th April 2020
DailySSESSMENTS: China PP Price 30th April 2020
DailySSESSMENTS: China PP Price 29th April 2020
