Indian producer down adjusted homo-PP offers to Vietnam

An Indian producer has announced homo-PP offers to Vietnam with $40/ton reduction from last week reaching $1100/ton CIF Vietnam, LC AS term, players said. Initial respond from Vietnamese buyer is not very positive as most are awaiting further reduction before replenishing additional quantity.

A distributor offered on behalf of the producer said, “At the level $1080/ton many buyers have made their purchases last week and at the moment waiting for another round of reduction to buy additional quantity. Therefore we are not seeing much respond toward the latest offers.”