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Emirati producer reveals Feb PP, PE prices to local market

by ChemOrbis Editorial Team - content@chemorbis.com
  • 06/02/2017 (13:54)
Players in United Arab Emirates reported receiving new offers from the local producer with increases in line with the prevailing stronger trend in the region amidst the supply limitations and higher upstream costs.

According to a trader’s report, the local producer’s new offers are standing at $1030/ton for PP raffia and injection FD Dubai, cash, up $50/ton from its January offers. PE offers are also reported higher at $1120-1140/ton for HDPE film, at $1120/ton for LLDPE film, at $1220/ton for LDPE film with the same terms.

Traders concurred that demand is improving while availability is tight especially for raffia and LDPE film as the local producer’s deliveries are limited given the fire in ADNOC’s refinery. Players expect supply limitations from Middle Eastern producers along with the improving demand to support the firm trend over the medium term.
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