NewsSSESSMENTS: Iranian Producer Opens Tender For PP To China Market, Looking For Better Netback

An Iranian producer has opened tender for PP to China market as an attempt to get better netback, SSESSMENTS.COM was told. As reported by a China-based trader, Iran’s Jam Petrochemical Company has opened tender for PP Homo Raffia to China market as the company is expecting to get a better profit margin. Usually, the producer did not export materials as their volume is only able to cater to domestic demand. Further added, each buyer should take 1,000 tons at a minimum in order to participate in this tender. To date, no bids received by the producer as buying sentiment in China PP market has started to cool down this week.

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Tags: Asia Pacific,China,English,Iran,NEA,News,PP