An Indonesian trader informed SSESSMENTS.COM on revising import PP offers in consideration of demand conditions with the exception for particular grades. As noted, the trader’s latest offers for PP Homo Raffia of India and Middle East origin lowered by $10/ton on a weekly comparison. Behind the downward movement, the trader explained that buying sentiment in the domestic market is bearish this week since most converters are already pocketing ample materials; most of them have finished with the replenishment activities. Particularly for Middle Eastern PP Homo Raffia cargoes, the trader notified that the supply from their end is not that ample at the moment.
Unlike PP Homo Raffia cargoes, the trader decided to maintain stable offer levels for PP Block Copolymer of South Korea and Singapore origins. At the time of publication, the trader managed to sell the cargoes at $1,040/ton for Singapore origin and $1,020/ton for South Korea origin. All on LC at sight, CIF Indonesia Main Port basis. Upon achieving deals, the trader no longer has allocation for Southeast Asian cargoes since the supply from the supplier is limited, further added to SSESSMENTS.COM.
