A China-based trader informed SSESSMENTS.COM on purchasing Indonesian PP Homo Raffia cargoes at a remarkable level. As reported, the trader purchased PP Homo Raffia cargoes from the leading Indonesian polyolefins producer at $800/ton on LC at sight, CFR China Main Port basis. Likewise, the trader bought PP Homo Raffia cargoes from the producer at $810/ton on LC at sight, CIF Vietnam Main Port basis.
Further added, the trader is currently offering the cargoes to Vietnam market at $825/ton on the same payment and delivery term. However, the trader finds difficulties in selling at such a level as most of their customers are holding sufficient stocks, SSESSMENTS.COM was told.
