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NewsSSESSMENTS: Import Middle Eastern PP Cargoes Concluded At Lowest Level In Southeast Asia Market

Author: SSESSMENTS

Market sources informed SSESSMENTS.COM that the deals for import Middle Eastern PP cargoes were concluded at lowest level in Southeast Asia market. On Friday morning, April 3, a global trading house stated that the company is offering import Middle Eastern PP Homo Raffia cargoes to Vietnam market at $750/ton. Customers were submitting bids at $20/ton lower from the initial offer level at $730/ton, but the trader is still considering whether accepting the bids or not. All offers on LC at sight, CIF Vietnam Main Port basis.  

By Friday afternoon, a Vietnamese trader informed SSESSMENTS.COM on closing deals for Saudi PP Homo Raffia at $730/ton on LC at sight, CIF Vietnam Main Port basis.

Transactions for import PP Homo Raffia between March 30 to April 3 on LC at sight, CIF Vietnam Main Port basis

OriginTransaction TypeOffers (USD/ton)
ChinaOffer Received770-780
ChinaPurchased770
Far East AsiaOffer Given820-830
Far East AsiaOffer Received830-880
Middle EastOffer Given750
Middle EastBid Received730
Middle EastBuy Idea750
Middle EastOffer Received750-780
Middle EastSold730
Southeast AsiaOffer Given885
Southeast AsiaOffer Received825-840

Tags: Asia Pacific,English,News,PP,SEA,Vietnam

Published on April 3, 2020 5:44 PM (GMT+8)
Last Updated on April 3, 2020 6:03 PM (GMT+8)