Import PP offers on LC at sight, CIF Indonesia Main Port basis
A global trading house informed SSESSMENTS.COM that an adjustment recorded on import PP offers from a Saudi producer to the Indonesia market. This week, import PP Homo Raffia offers from a Saudi producer emerged at $30-40/ton higher than last week’s level, currently available at $990/ton. According to the trader, the producer decided to adjust up offers to Indonesia market to $990/ton-level since the company managed to conclude deals at such a level to other markets. However, such a level is deemed unworkable in the Indonesia market. To date, the trader has yet to achieve deals with Indonesian buyers, since most voiced out buy idea below $950/ton-level, which is still far below the initial offer level and the trader’s sell idea for the cargoes. All on LC at sight, CIF Indonesia main port basis.
Tags: Asia Pacific,English,Indonesia,Middle East,News,PP,SEA,Saudi Arabia
Published on July 28, 2020 12:53 PM (GMT+8)Last Updated on July 28, 2020 12:53 PM (GMT+8)
