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Egyptian trader: We are not offering large discounts for PP, PE

by ChemOrbis Editorial Team -
  • 08/09/2015 (12:03)
In Egypt, players report receiving more September PP and PE offers from different Middle Eastern producers while a distributor commented that they are not willing to consider large discounts on their new prices.

A trader, who offers on behalf of two different Middle Eastern producers, commented, “Neither of our suppliers are holding sufficient quotas for September shipment cargoes. This is down to the fact that overall demand is slower than August. Despite the decreases of $130-190/ton, buyers are still resisting our offers. However, we are not able to offer more than $5-10/ton discounts and these are only for our regular customers. In general, buyers are limiting their purchases these months as they are only asking for around 50-75 tons.”

The trader offers Middle Eastern HDPE and LLDPE c4 film at $1250-1270/ton and PPBC injection at $1240/ton on a CIF, 90 days deferred payment basis.
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