Dec PP, PE offers revealed in Lebanon

A plastic end manufacturer in Lebanon reported receiving December PP and PE offers from two Middle Eastern producers. The converter reported that a Saudi major revised up their new offers by $10/ton for LDPE film, HDPE film and injection and by $20/ton for HDPE blow moulding while implementing a decrease of $20/ton on its new PP raffia and injection prices.

According to the converter, the producer’s new offers are standing at $1170/ton for HDPE film, $1240/ton for LDPE film and HDPE injection, at $1220/ton for HDPE blow moulding and at $1050/ton for PP raffia and injection, all on a CIF Beirut, 90 days deferred payment basis. The buyers also concluded a deal at $1200/ton with the same terms for LLDPE c4 film, up $45/ton from November.

Meanwhile, the converter also received new December offers for HDPE film and LLDPE c4 film from an Emirati producer, which stands at $1100/ton and $1160/ton, respectively with the same terms.

“The Saudi major and the Emirati producer do not have LDPE film allocations this week. Demand for our end product has slightly improved this week ahead of the Christmas holidays as buyers are trying to secure their needs. The presidential election has ended; however the political situation has not stabilized yet,” commented the buyer.