An Iranian producer has opened tender for PP to China market as an attempt to get better netback, SSESSMENTS.COM was told. As reported by a China-based trader, Iran’s Jam Petrochemical Company has opened tender for PP Homo Raffia to China market as the company is expecting to get a better profit margin. Usually, the producer did not export materials as their volume is only able to cater to domestic demand. Further added, each buyer should take 1,000 tons at a minimum in order to participate in this tender. To date, no bids received by the producer as buying sentiment in China PP market has started to cool down this week.
Click below to view related stories and content on PP:
WeeklySSESSMENTS: China PP Prices W/C April 20
NewsSSESSMENTS: Updates On Local PE, PP Prices In China Market April 24
NewsSSESSMENTS: China PP Prices Returned To Reasonable Level Following Government Intervention
NewsSSESSMENTS: Import Indian And Middle Eastern PE PP Offers To China Adjusted, Trader Unmoved
NewsSSESSMENTS: Indian PP Producer Opens Tender For May Shipment
