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Emirati trader: A major Saudi producer issues Oct. PP, PE prices

by ChemOrbis Editorial Team -
  • 06/10/2015 (15:16)
A trader operating in the United Arab Emirates reported receiving new October prices from a major Saudi Arabian producer. According to him, the new prices indicate rollovers from the producer’s latest September levels.

“Market conditions are slow in the United Arab Emirates and we cannot absorb any increases. We believe that the producer was aware of this fact and that’s why they announced a rollover. Plus, overall supply levels are comfortable in our market. Regarding our local producer, they, too, rolled over their prices.”

The trader received October Saudi HDPE film offers at $1250/ton, LDPE film offers at $1240/ton and homo-PP offers at $1100/ton on CIF Dubai, United Arab Emirates, 90 days deferred payment basis.
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