April PE offers emerge steady in South Africa
by ChemOrbis Editorial Team - content@chemorbis.com
In South Africa, new April PE offers were revealed with rollovers from March at $1340-1370/ton for LDPE film, at $1330-1340/ton for HDPE film and at $1340-1360/ton for LLDPE c4 film, all on CFR Durban, 90 days basis.
A trader said that the Saudi major rolled over its April PE offers to the country while the local producer Sasol followed suit. “Supplies are short in the local market especially for LLDPE as Sasol is exporting more quotas now in order to achieve better margins. In addition, Sasol’s PE and PP exports are being delayed due to a serious fire. The fluctuating parity is the main issue in South Africa now, hence players are cautious about their purchases while they are monitoring the exchange rates carefully," added the trader.
A trader said that the Saudi major rolled over its April PE offers to the country while the local producer Sasol followed suit. “Supplies are short in the local market especially for LLDPE as Sasol is exporting more quotas now in order to achieve better margins. In addition, Sasol’s PE and PP exports are being delayed due to a serious fire. The fluctuating parity is the main issue in South Africa now, hence players are cautious about their purchases while they are monitoring the exchange rates carefully," added the trader.
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