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Another Saudi producer reveals November PP, PE to Egypt

by ChemOrbis Editorial Team -
  • 30/10/2014 (16:39)
Following a major Saudi producer’s price cuts, another Saudi Arabian producer elected to lower their prices to Egypt for PP and PE. According to the trader offering on behalf of this Saudi producer, their PE availability is adequate but they hold rather limited stocks for PP products. He also added that, considering the currently weak demand and poor market conditions, another downward adjustment on prices is possible in the days ahead.

The trader offers LLDPE film at $1630/ton on CIF Alexandria, 90 days deferred payment basis, with $20/ton decreases from October. They offer HDPE film with $20/ton decreases at $1620/ton and HDPE blow moulding with $30/ton drops at $1620/ton with the same terms. However, their HDPE injection offer (MFI 8) indicates no changes from their late October levels.

For PP, the trader offers raffia and injection with $50/ton decreases from October at $1600/ton on CIF, 90 days basis. Meanwhile, their PP block copolymer offers came down by $30/ton from the most recent October levels to $1670/ton.
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