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NewsSSESSMENTS: Indonesian Converter Reveals Latest Import Saudi PP Offers, Southeast Asian Cargoes Remain Absent

Author: SSESSMENTS

An Indonesian converter revealed to SSESSMENTS.COM on the latest import Saudi PP offers to the country. As reported, the converter received import offers for PP Homo Raffia cargoes from a Saudi producer at $820/ton on LC at sight, CIF Indonesia Main Port basis. Considering the current market situation, the converter expressed buy idea at $60/ton lower than the initial offer level. However, the converter remains unsure whether the producer is willing to accept bids at that level. Further added, the converter did not receive any offers for Southeast Asian cargoes this week.

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Import PP Homo Raffia offers on LC at sight, CIF Indonesia Main Port basis

OriginTransaction TypeOffers (USD/ton)
SaudiOffer Received820
SaudiBuy Idea760

Tags: Asia Pacific,English,Indonesia,Middle East,News,PP,SEA,Saudi Arabia

Published on May 5, 2020 6:30 PM (GMT+8)
Last Updated on May 5, 2020 7:39 PM (GMT+8)