Import PP, PE offers for Dec emerge in South Africa, Nigeria
by ChemOrbis Editorial Team - content@chemorbis.com
In South Africa, a trader reported receiving new PE offers from a Saudi Arabian major at $1210-1250/ton for HDPE Film, $1160-1200/ton for LDPE film and $1110-1120/ton for LLDPE c4 film, on a CIF Durban South Africa, 90 days deferred payment basis.
He stated that the latest offers reflected the global bearish trend and added that they are expecting further reductions in the upcoming days.
In Nigeria, a distributed reported that a different Saudi producer announced its December offers at $1120/ton for LDPE film, $1180/ton for HDPE film and $1050/ton for LLDPE c4 film, all on CFR Lagos, cash basis.
The distributor also reported receiving HDPE film offers from a South Korean supplier with $30/ton decreases at $1380/ton as well as new PP offers from an Indian producer at $1250/ton for PPBC inj., and $1200/ton for PP inj. and raffia, with the same terms.
“Demand has slightly improved as players started securing their needs ahead of the Christmas holidays,” the source noted.
He stated that the latest offers reflected the global bearish trend and added that they are expecting further reductions in the upcoming days.
In Nigeria, a distributed reported that a different Saudi producer announced its December offers at $1120/ton for LDPE film, $1180/ton for HDPE film and $1050/ton for LLDPE c4 film, all on CFR Lagos, cash basis.
The distributor also reported receiving HDPE film offers from a South Korean supplier with $30/ton decreases at $1380/ton as well as new PP offers from an Indian producer at $1250/ton for PPBC inj., and $1200/ton for PP inj. and raffia, with the same terms.
“Demand has slightly improved as players started securing their needs ahead of the Christmas holidays,” the source noted.
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