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Egyptian converter: Saudi producer adjusts down Feb PE prices

by ChemOrbis Editorial Team -
  • 02/02/2015 (17:53)
In Egypt, a film products converter reported receiving downwardly revised PE prices from a major Saudi Arabian producer while the converter also received cash basis offers for these products along with the producer’s traditional 90 days deferred payment terms.

Accordingly, the producer adjusted their prices downward by $20/ton for HDPE and LLDPE film to $1200/ton on CIF Alexandria, 90 days deferred payment basis. The producer also offers at $1170/ton on CIF, cash basis for these products. The producer’s LDPE film prices, meanwhile, indicate an identical decrease of $20/ton at $1220/ton on CIF, 90 days basis. The producer also offers LDPE film at $1190/ton on CIF, cash basis.

Prior to these reports, some players claimed to have heard up to around $50/ton adjustments from the producer for February. However, these levels have not been confirmed yet at the time of publishing.
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