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Algerian trader receives Mid-East PP, PE prices for Dec

by ChemOrbis Editorial Team -
  • 07/12/2015 (17:28)
A trader operating in Algeria reported that they received new PP and PE prices for December from several Middle Eastern producers. According to him, the new PP and PE prices represent decreases compared to November.

The trader stated, “For PP, prices remain on a softening path in line with stagnant demand and sufficient supplies while PE supplies, especially for HDPE blow moulding, are quite tight nowadays. In general, we think that the current prices levels to Algeria are still high when compared to prices in other global markets. We will try to secure some cargoes with discounts for December as we feel that prices may rebound in January.”

The trader was offered Saudi Arabian PP raffia and injection at $1040-1050/ton on a CIF Algeria, 90 days deferred payment basis. For PE, they received Middle Eastern offers at $1330/ton for LDPE film, at $1260/ton for LLDPE film and at $1220-1320/ton for HDPE film with the same terms.
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