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.
Import PP offers on LC at sight, CIF Indonesia Main Port basis
