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Emirati players start to receive Dec PP, PE offers

by ChemOrbis Editorial Team -
  • 10/12/2018 (11:56)
Players in the United Arab Emirates started to receive new PP and PE offers from both regional and domestic producers with considerable decreases compared to November, in line with the globally bearish trend and the year-end lull.

A Saudi major cut its PP raffia and injection offers by $10/ton, LDPE film offers by $40/ton and LLDPE c4 film offers by $60/ton from its last November levels. The producer’s HDPE film offers, meanwhile, saw larger decreases of $100/ton when compared to November.

Accordingly, the Saudi major’s latest PP and PE offers were at $1140/ton for LDPE film, $1090/ton for LLDPE c4 film, $1140/ton for HDPE film, $1190-1200/ton for HDPE inj., $1170-1180/ton for HDPE b/m, and $1250/ton for PP raffia and inj., all on CIF Dubai, 90 days basis.

A local producer also announced its new offers with decreases ranging from $120/ton to $140/ton, bringing its latest prices to $1090/ton for LLDPE c4 film and $1140/ton for HDPE and LDPE film, all on an FD Dubai, cash basis excluding 5% VAT.

An end product manufacturer stated that prices dropped in line with the global trend and the slow demand amid the year-end period. He also added that prompt supply is sufficient and they prefer to secure cargoes on a needs only basis.
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