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Emirati producer offers January PP and PE with three digit cuts

by ChemOrbis Editorial Team -
  • 19/01/2015 (16:54)
A distributor operating in the United Arab Emirates reported receiving three digit decreases from a local producer. According to him, the producer’s PP raffia and injection offers indicate around $350/ton decreases from their initial December levels while their HDPE and LLDPE c4 film prices represent $250/ton drops over the same period. The producer offers PP at $1050/ton and PE at $1250/ton FD Dubai, United Arab Emirates, cash basis.

“Apart from the local prices, we have not received any import prices for this month, yet. Meanwhile, we are not interested in import cargoes, either, as prices are anticipated to lose further ground in the days ahead. Players generally prefer to meet their needs locally although they still find the local producer’s lower January prices high. Further decrease anticipations remain in the market for February,” he cited.
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