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NewsSSESSMENTS: Up To Triple-Digit Adjustments Applied On Import PP Offers To Indonesia

Author: SSESSMENTS

An Indonesian trader reported to SSESSMENTS.COM that up to triple-digit adjustments were applied on import PP offers to the country. The trader sold PP Homo Raffia cargoes of Middle East origin between $770-780/ton on LC at sight, CIF Indonesia main port basis. The deal level was between $90-100/ton lower than two weeks ago. Compared to the same period, offers for PP Homo Injection and PP Homo Raffia from India dropped by $120/ton while offers for PP Block Copolymer from Singapore were adjusted down by $30/ton. 

On a monthly comparison, late April shipment offers from a Malaysian producer for PP Homo Raffia were adjusted down by $150/ton. The trader informed SSESSMENTS.COM that there will be no shipment issues for the cargoes as the lockdown in Malaysia would have ended by that time. 

Import PP offers on LC at sight, CIF Indonesia main port basis

OriginProductTransaction TypeOffers (USD/ton)
Far East AsiaPP Homo InjectionPurchased740
Far East AsiaPP Homo InjectionOffer Given760-770
Indian SubcontinentPP Homo InjectionOffer Received760
Southeast AsiaPP Homo InjectionPurchased740
Southeast AsiaPP Homo InjectionOffer Given760
Middle EastPP Homo RaffiaPurchased750
Middle EastPP Homo RaffiaSold770-780
Far East AsiaPP Homo RaffiaPurchased740
Far East AsiaPP Homo RaffiaOffer Given760-770
Indian SubcontinentPP Homo RaffiaOffer Given760-780
Southeast AsiaPP Homo RaffiaPurchased740
Southeast AsiaPP Homo RaffiaOffer Given760
Far East AsiaPP Block CopolymerPurchased800
Far East AsiaPP Block CopolymerOffer Given820
Southeast AsiaPP Block CopolymerPurchased950
Southeast AsiaPP Block CopolymerOffer Given970-980

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

Published on April 7, 2020 2:31 PM (GMT+8)
Last Updated on April 7, 2020 2:31 PM (GMT+8)