Saudi major rollover homo-PP offers to Vietnam

According to market sources, a major Saudi Arabia producer has maintained homo-PP offers to Vietnam in the most recent price announcement. The maker keep their prices at $1070/ton CIF Vietnam, LC AS term.

In the previous week, deals for this cargo were reported at $25/ton below offer levels; however, players are not expecting such large reduction for this week. A buyer commented, “There are very limited offers in the market and most suppliers claimed lack of allocation. Therefore, we do expect dealt level for this week to be slight higher.”