East Med PP, PE prices remain firm in March

Players in Lebanon and Jordan received increases for the second month. Buyers continue to push back against the price hikes, seeking discounts due to persistently sluggish demand.

In Lebanon, PE offers emerged with $40/ton increases and PP with $10/ton increases when compared to the latest deals in February at $1000-1030/ton for LDPE, $960-980/ton for LLDPE, $980-1000/ton for HDPE film, $1010-1030/ton for HDPE b/m and inj., $1050-1060/ton for PPBC, $1100-1110/ton for PPRC, $950-960/ton for PPH raffia and inj., and $990-1000/ton for PPH film and fibre., on a CIF Lebanon, cash basis.

In Jordan, PP recorded $50/ton increases and PE $30/ton increases when compared to February at $1140-1150/ton for LDPE, $1060-1080/ton for LLDPE, $1030-1050/ton for HDPE film, $1080-1090/ton for HDPE b/m and inj., $1120-1130/ton for PPH raffia and inj., $1150-1160/ton for PPH film and fibre., on a CIF Jordan, 90 days basis.