Saudi major rollover homo-PP offers to Vietnam

According to Vietnamese players, a major Saudi Arabia producer has announced fresh homo-PP offers to the country at unchanged levels compared to earlier this month, at $1100/ton CIF Vietnam, LC AS term. 

Several buyers have placed bid at $1070/ton with the same term, however the supplier refused to accept as others have accepted to make purchases at $1080/ton.

A trader reported, “We are waiting for the supplier to revert on the quantity at $20/ton discount from initial offers. This is June shipment, which is a little far and high risk. Hence, we only place a small order.”