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Another Saudi producer issues May PP, PE hikes in the local market

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/05/2016 (12:00)
In Saudi Arabia, another local producer revealed their May PP and PE prices to the local market with increases following last week’s initial May announcements from a major Saudi producer.

A distributor commented that the new May levels indicate mostly rollovers to slight increases of up to SAR17/ton ($5/ton) for PE and SAR110-148/ton ($29-39/ton) increases for PP.

The producer’s new levels for PP raffia and injection stand at SAR3598/ton ($959/ton), PPBC injection is at SAR3898/ton ($1039/ton), HDPE film and blow moulding at SAR4200/ton ($1120/ton), HDPE injection at SAR4125/ton ($1100/ton) and LLDPE film at SAR4292/ton ($1144/ton) on an FD Jeddah, Saudi Arabia, cash basis.

This producer’s May offers stand at more competitive levels with respect to the other local Saudi producer’s new May levels, which were announced at the end of last week.

This producer’s new May levels are SAR227/ton ($61/ton) more competitive for PP raffia and injection, SAR150/ton ($40/ton) more competitive for HDPE film, SAR263/ton ($70/ton) more competitive for HDPE b/m and SAR413/ton ($110/ton) more competitive for HDPE injection.
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