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Algerian trader receives Saudi PP, PE prices for October

by ChemOrbis Editorial Team -
  • 07/10/2015 (17:04)
A trader operating in Algeria reported receiving new October PP and PE prices from two Saudi producers. According to him, new PP prices indicate around $50/ton decreases, but PE prices represent around $50/ton hikes.

“The reason behind the opposite trends on new October prices is the better buying interest towards PE cargoes compared to PP. Plus, PE supplies are not that comfortable. HDPE injection cargoes are especially hard to find while the other HDPE grades are lessening in the market. We are trying to secure some materials but sellers’ divergent pricing strategies are making us confused. Meanwhile, European suppliers’ availability is also tight and therefore, the European offers are not competitive at all. Regarding demand in Algeria, it is improving but at a really slow rate after the Eid-al-Adha holiday. At the moment, we prefer to observe the market and consider the economic conditions when deciding on our purchases,” he commented.

The trader received Saudi Arabian LDPE film at $1350/ton, LLDPE c4 film at $1320/ton, HDPE film at $1270-1300/ton, HDPE injection at $1450/ton, PP raffia and injection at $1150/ton on CIF Algeria, 90 days deferred payment basis.
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