Dec PP, PE offers emerge from Middle East in Tunisia, Algeria
by ChemOrbis Editorial Team - content@chemorbis.com
Players in Tunisia and Algeria are receiving import PP and PE offers from the Middle Eastern suppliers for December mostly with rollovers to some decreases given slow trading activities towards the year-end and poor economic conditions.
A buyer received new LDPE, PP raffia and inj. offers from a Saudi major with rollovers respectively at €1170/ton and €1040/ton, HDPE film offers with €10/ton decreases at €1040-1050/ton and LLDPE film offers with €20/ton decreases at €1020/ton, all on CFR Tunis, 90 days.
However, the producer’s HDPE injection and pipe prices as well as PP block copolymer injection prices were an exception as they applied increases of €40/ton on its new prices for HDPE injection and pipe to bring them to €1100/ton for HDPE injection and to €1220/ton for HDPE pipe 100 natural with the same terms. The producer’s PPBC inj. offers were €10/ton higher at €1140/ton, meanwhile.
In Algeria, the Saudi major approached the market with rollovers to slight decreases of $10/ton. A distributor reported receiving stable offers from a different Saudi producer as well. The source commented, “We received December announcements on a mostly stable note. The market is pressured by harsh economic conditions. Given the fall in crude oil prices, the country is struggling with budget deficit and high inflation rates. Therefore, players continue to limit their purchases to the bare minimum needs.”
Accordingly, the Saudi major’s PP prices are reported at $1260/ton for PP raffia and inj. while PE offers stand at $1250/ton for HDPE film, $1280/ton for LLDPE c4 film and $1340-1350/ton for LDPE film, all CIF Algeria, 90 days basis.
PP offers of the other Saudi producer stand at $1250/ton for PP raffia and inj. while its HDPE film offers are reported at $1240/ton with the same terms.
A buyer received new LDPE, PP raffia and inj. offers from a Saudi major with rollovers respectively at €1170/ton and €1040/ton, HDPE film offers with €10/ton decreases at €1040-1050/ton and LLDPE film offers with €20/ton decreases at €1020/ton, all on CFR Tunis, 90 days.
However, the producer’s HDPE injection and pipe prices as well as PP block copolymer injection prices were an exception as they applied increases of €40/ton on its new prices for HDPE injection and pipe to bring them to €1100/ton for HDPE injection and to €1220/ton for HDPE pipe 100 natural with the same terms. The producer’s PPBC inj. offers were €10/ton higher at €1140/ton, meanwhile.
In Algeria, the Saudi major approached the market with rollovers to slight decreases of $10/ton. A distributor reported receiving stable offers from a different Saudi producer as well. The source commented, “We received December announcements on a mostly stable note. The market is pressured by harsh economic conditions. Given the fall in crude oil prices, the country is struggling with budget deficit and high inflation rates. Therefore, players continue to limit their purchases to the bare minimum needs.”
Accordingly, the Saudi major’s PP prices are reported at $1260/ton for PP raffia and inj. while PE offers stand at $1250/ton for HDPE film, $1280/ton for LLDPE c4 film and $1340-1350/ton for LDPE film, all CIF Algeria, 90 days basis.
PP offers of the other Saudi producer stand at $1250/ton for PP raffia and inj. while its HDPE film offers are reported at $1240/ton with the same terms.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Bearish PP trend takes no respite on lackluster demand in Turkey
- India import PVC market recedes from all-time high on COVID-hit demand
- Stats: China’s total PP, PE imports in Q1 mark lowest volume in a year
- Vietnamese PE buyers hold off purchases on fears of further price pullback
- European PS on brink of a softer trend after 6 months
- Turkish PP and PE players voice bearish expectations for May
- China’s local homo-PP prices slide below imports
- Irregular PE origins emerge at competitive prices in Europe
- Mid-Eastern sellers backpedal in Africa on competitive PP, PE offers from Asia
- European PVC set to extend longest rising streak into May
