SSESSMENTS.COM noted that the leading Indonesian polyolefins producer is aggressively selling PP Homo Raffia cargoes to the export market. Due to a high inventory pressure, the producer is willing to conclude deals at a considerably low level.
On April 1, a Vietnamese trader informed SSESSMENTS.COM that according to market talks, the producer sold PP Homo Raffia to the Vietnam market at $750/ton on LC at sight, FOB Indonesia basis whereas for CIF Vietnam main port basis, the offer stands at $770/ton with the same payment term, the trader told SSESSMENTS.COM.
Transactions for PP Homo Raffia from the leading Indonesian polyolefins producer in March, on LC at sight, CIF main port basis
| Date | Transactions Type | Offers (USD/ton) | Delivery Country |
|---|
| March 23 | Sold | 825 | Vietnam |
| March 24 | Purchased | 800 | China |
| March 24 | Purchased | 810 | Vietnam |
| March 24 | Offer Given | 825 | Vietnam |
| March 25 | Offer Given | 800 | China |
| March 25 | Bid Received | 760 | China |
| March 26 | Purchased | 760 | China |
| March 26 | Offer Received | 800-810 | Vietnam |
| March 27 | Offer Given | 850 | Philippines |
| March 31 | Offer Received | 840 | Vietnam |
Transactions for PP Homo Raffia from the leading Indonesian polyolefins producer in March, on LC at sight, FOB Indonesia basis
| Date | Transactions Type | Offers (USD/ton) |
|---|
| March 26 | Offer Received | 790* |
| March 27 | Offer Received | 800** |
Description: * Received by Vietnamese buyers ** Received by Philippines buyers
Tags: Asia Pacific,English,Indonesia,News,PP,Philippines,SEA
Published on April 1, 2020 6:25 PM (GMT+8)
Last Updated on April 6, 2020 11:27 AM (GMT+8)
