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Another Saudi producer declares July PP, PE prices to Egypt

by ChemOrbis Editorial Team -
  • 30/06/2016 (10:33)
An agent of a Saudi Arabian producer reported that their supplier approached the Egyptian market with lower prices on their July PP and PE announcements. According to him, the producer elected to cut their new offers by $10/ton for PP and by $40/ton for PE when compared to their June levels.

“The producer’s PP prices are notional given their lack of allocation. Meanwhile, demand remains sluggish due to the upcoming Eid holidays,” the agent commented.

The producer’s July offers currently stand at $1020/ton for homo-PP raffia and injection and at $1170/ton for LLDPE and HDPE film, all on a CIF Alexandria, 90 days deferred payment basis.

Prior to them, a major Saudi producer had announced their July PP and PE prices to Egypt with rollovers from June.
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