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Another Saudi producer reveals local PP, PE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/10/2015 (17:04)
Following a major Saudi Arabian producer’s new October announcements in their own local market last week, another Saudi producer revealed their prices for the month. This producer’s offers indicate decreases for both PP and PE products while their prices remain at more competitive levels when compared to the Saudi producer who revealed their prices last week.

The producer’s offers stand at SAR3962/ton ($1056/ton) for PP raffia, SAR4116/ton (1098/ton) for PP injection and PPBC injection, SAR4537/ton ($1210/ton) for LLDPE c4 film, SAR4386/ton (1170/ton) for HDPE injection, SAR4502/ton ($1200/ton) for HDPE blow moulding and at SAR4463/ton ($1190/ton) for HDPE film on FD Jeddah, Saudi Arabia, cash basis.

The producer’s new levels indicate SAR266/ton ($71/ton) drops for PP and SAR150/ton ($40/ton) decreases for HDPE products. The producer slightly lowered their LLDPE film offers by SAR38/ton ($10/ton) when compared to last month.

A trader who obtained these levels, commented that the overall demand has started to pick up following the Eid-al-Adha holiday, albeit very slowly. He believes lower deal levels can be achieved for serious bids.
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