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Another Saudi producer issues August PP, PE prices to Egypt

by ChemOrbis Editorial Team -
  • 30/07/2015 (17:53)
A converter operating in Egypt reported receiving new August PP and PE prices from a Saudi Arabian producer with rollovers. This producer, whose offers usually form the most competitive levels in both the PP and PE markets, kept their prices steady on a month over month basis. In spite of their rollover, the producer’s prices are still the most competitive offers announced for August so far.

Their new August prices stand at $1450/ton for HDPE, LLDPE c4 and LDPE film and at $1400/ton for PP raffia and injection on a CIF Alexandria, 90 days basis. Prior to this producer’s announcement, a major Saudi Arabian producer had also revealed their August PP and PE prices with up to $50/ton decreases from their July levels. However, despite their decrease, this major producer’s offers carry a large premium of around $90-130/ton for PE and $100/ton for PP when compared with the latest Saudi offers that the converter received.

“Our supplier holds sufficient quota amounts for August and their offers, although rolled over, are negotiable and lower done deal levels are obtainable. Meanwhile, demand is improving but only slightly,” added the converter.
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