April PP and PE offers roll over in Kenya and Algeria
by ChemOrbis Editorial Team - content@chemorbis.com
Players reported rollovers for April PP and PE offers in both Kenya and Algeria, the two remaining countries across Africa for new price announcements.
In Kenya, players received new April offers with rollovers when compared to initial March levels. The market remains under pressure from the high inflation rates as the dollar prices soar, hence trading activity remains limited across the country.
April offers are standing now at $1210-1230/ton for PPH raffia and inj., $1250-1260/ton for PPH film and fibre., $1280-1290/ton for PPBC, $1300-1310/ton for PPRC, $1280-1300/ton for HDPE b/m, $1300-1310/ton for LDPE, $1250-1260/ton for LLDPE, $1220-1230/ton for HDPE film, $1250-1270/ton for HDPE inj.All offers are on a CFR Kenya, 90 days basis.
In Algeria, the latest prices are currently standing at$1250-1260/ton for PPH raffia and inj., $1290-1300/ton for PPH film and fibre., $1350-1370/ton for PPBC, $1430-1450/ton for PPRC, $1380-1400/ton for LDPE, $1280-1300/ton for HDPE film, $1240-1250/ton for LLDPE, $1330-1350/ton for HDPE b/m and inj., on a CIF Algeria, cash basis.
The new offers came in line with market expectations amid the stagnancy dominating the region.
In Kenya, players received new April offers with rollovers when compared to initial March levels. The market remains under pressure from the high inflation rates as the dollar prices soar, hence trading activity remains limited across the country.
April offers are standing now at $1210-1230/ton for PPH raffia and inj., $1250-1260/ton for PPH film and fibre., $1280-1290/ton for PPBC, $1300-1310/ton for PPRC, $1280-1300/ton for HDPE b/m, $1300-1310/ton for LDPE, $1250-1260/ton for LLDPE, $1220-1230/ton for HDPE film, $1250-1270/ton for HDPE inj.All offers are on a CFR Kenya, 90 days basis.
In Algeria, the latest prices are currently standing at$1250-1260/ton for PPH raffia and inj., $1290-1300/ton for PPH film and fibre., $1350-1370/ton for PPBC, $1430-1450/ton for PPRC, $1380-1400/ton for LDPE, $1280-1300/ton for HDPE film, $1240-1250/ton for LLDPE, $1330-1350/ton for HDPE b/m and inj., on a CIF Algeria, cash basis.
The new offers came in line with market expectations amid the stagnancy dominating the region.
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