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Egyptian players receive more Saudi PP, PE prices for Sept

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/09/2016 (10:15)
PP and PE players operating in Egypt reported that a Saudi Arabian producer announced their September prices to the country after a major Saudi producer pioneered rollovers on new prices last week.

A trader reported that the producer adopted a similar pricing strategy for September, issuing rollovers on their new PP and PE prices. According to him, the producer’s PP offers currently stand at $1010-1020/ton for homo-PP raffia and injection and at $1030-1040/ton for fibre, all on a CIF Alexandria, 90 days basis.

For PE, their new offers are at $1170/ton for LDPE film and at $1150/ton for HDPE film and blow moulding with the same terms.

“Demand is performing well nowadays on the back of some buyers’ last minute purchases ahead of the Eid holidays. We have sufficient allocations for September,” the trader commented.
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