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Emirati distributor: February PP, PE prices come down

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/02/2016 (14:49)
A distributor operating in the United Arab Emirates commented that they received new PP and PE offers from both local and Middle Eastern producers with decreases.

“Supply is ample in the market for all products apart from the local producer’s homo-PP materials. The local producer’s PP plant is shut and therefore, they have not announced any PP prices for this month but only PE prices. In general, buying interest remains slow and buyers continue to purchase on a hand-to-mouth basis,” commented the distributor.

The local Emirati producer’s HDPE film offers indicate $10/ton decreases from January at $1040/ton on an FD Dubai, United Arab Emirates, cash basis.

In the import market, Middle Eastern producers’ PE prices indicate $20-50/ton declines and their PP prices represent $40-70/ton drops. Prices stand at $1130-1140/ton for LDPE film, $1080-1100/ton for HDPE film, $1120/ton for LLDPE film, $1110-1120/ton for HDPE b/m and at $870-900/ton for PP raffia and injection on a CIF Dubai, United Arab Emirates, 90 days basis.
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