Jul 22, 2025 6:19 p.m.

Major Saudi maker lifted PP prices to Vietnam

Major Saudi maker lifted PP prices to Vietnam

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According to market players, a major Saudi Arabia producer has announced new homo-PP prices to Vietnam today at $50-60/ton higher than last month to reach $1070/ton, CIF Vietnam, LC AS term for end of August shipment.

A buyer received the new offer commented, “Our supplier is collecting bid from buyer at $30/ton lower than initial offers, however, we decided not to proceed with purchase due to lack of confidence in the medium term outlook. Propylene monomers costs have not changed while demand from converter is rather sluggish, for this, we think PP market is really lack of fundamental support to firm up significantly.”