- An Indonesian trader contacted by SSESSMENTS.COM’s team revealed that the company just resumed the trading activity on May 27. Further added by the source, the downstream market shows a limited movement as most of the converters are still on a holiday and will be back to their desk by June 2. Due to a lot of uncertainties in the market, the trader encouraged customers to make payments on a cash basis since credit term deemed risky. In the days to come, the trader expects that PP prices will gradually increase week by week once the converters resume the production activities.
- Whereas in Malaysia, a woven bag manufacturer reported to SSESSMENTS.COM that demand for the end products and production activity has returned to normal. Currently, the converter is having difficulties to fulfill the huge orders since the converter still has backlogs to clear after reducing the production rate in the last two months. Looking ahead, considering the lockdown relaxation in the international market, the converter opined that the uptrend in PP demand may last for some time.
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PP Homo Raffia on cash/credit term, FD basis, excluding VAT (except PHP term includes 12% VAT and VND term includes 10% VAT all equivalent in USD excludes VAT)
Description: *Offers on 30 days credit term **Offer on 15 days credit termImport on LC at sight, CIF Southeast Asia main port basis
Tags: Asia Pacific,Daily,English,PP,SEA
Published on June 1, 2020 12:36 PM (GMT+8)
