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Initial June PP, PE offers from Mid-East show up in Jordan

by ChemOrbis Editorial Team -
  • 31/05/2017 (17:57)
In Jordan, a film maker received new June PP and PE offers from two Middle-Eastern producers with decreases from May in line with their expectations.

According to the converter’s report, a Saudi major lowered their PP and PE offers for June by around $50-60/ton from May to $1130/ton for PP raffia and inj., to $1220/ton for HDPE film, to $1320/ton for LDPE film, to $1230/ton for LLDPE c4 film, all on CIP Amman, 90 days basis.

The converter added that they also received new offers from an Emirati producer at more competitive levels at $1160/ton for HDPE film and at $1230/ton for LDPE film with the same terms. Meanwhile, the Emirati producer’s LLDPE c4 film offers are standing at $1250/ton with the same terms.

“June PP and PE offers are lower than May due to weak economic conditions. Given their competitive offers compared to the Saudi major’s new prices, we consider securing some cargoes from the Emirati producer,” commented the converter.
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