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A major Saudi producer’s PP, PE deals lower in Egypt

by ChemOrbis Editorial Team -
  • 11/04/2016 (16:35)
A converter operating in Egypt reported concluding some deals with a major Saudi Arabian producer, who initially issued $70/ton increases for April PE and up to $110/ton increases for April PP when compared with their latest March levels.

However, according to the buyer, the new April deals they concluded with this producer indicate $20/ton decreases from their initial April levels.

Deal from the producer stand at $1240/ton for LDPE, LLDPE c4 and HDPE film, at $1270/ton for HDPE b/m and $1290/ton for HDPE injection on a CIF Alexandria, 90 days deferred payment basis. Meanwhile, the producer’s PP deals stand at $1100/ton for PP film and fibre, at $1080/ton for PP raffia and injection, at $1140/ton for PPBC injection, at $1230/ton for PPRC injection and at $1290/ton for PPRC pipe(Type 3) with the same terms.
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