- A converter based in Vietnam informed SSESSMENTS.COM that offers for local and localized PP Homo Raffia cargoes of China and Thailand origin recorded stable from the level before Tet holiday (Vietnamese Lunar New Year). For end-product sales, demand for PP non-woven products, such as masks is striking amid the Coronavirus outbreak; which supported firm PP prices at the moment. However, the converter opined that the current stable trend in domestic PP prices would not last long. At the moment, the converter is not in a rush to purchase raw materials and prefer to monitor the market first.
- In Indonesia, a trader reported to SSESSMENTS.COM that offers for localized Southeast Asian PP Homo Raffia cargoes from their end went down by IDR200,000/ton ($14/ton) from last week’s level. The current offers from the trader are available at IDR16,000,000/ton ($1,167/ton) on cash, FD Indonesia basis and excluding 10% VAT. However, the trader is willing to sell at IDR200,000/ton ($14/ton) lower than the initial offer level at the lowest.
*Offers on 30 days credit term
Tags: Asia Pacific,DailySSESSMENTS,English,EN PP SEA DSS,Polypropylene (PP),Southeast Asia PP price,SEA PP PriceFebruary 6, 2020 1:04 PM