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April PP, PE offers indicate rollovers to increases in Algeria

by ChemOrbis Editorial Team -
  • 06/04/2017 (12:20)
In Algeria, new April offers are emerging with rollovers to increases from March in line with players’ expectations amidst ongoing supply limitations in the region and the Middle East.

A Saudi major announced its April offers to the country with $50/ton increases from the previous month for homo PP grades while maintaining its HDPE offers steady at its latest March offers, according to a trader. The major’s new offers were reported at $1280-1300/ton for homo PP raffia and inj. and at $1300-1320/ton for HDPE film , all on CIF Algeria, 90 days basis.

“Due to slow market activity, we expect discounts to be achievable for this month,” commented the trader.
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