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Initial March PP, PE offers surface higher in Lebanon, Jordan

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/03/2023 (14:06)
Players in Lebanon and Jordan continued to receive higher import offers for PP and PE for March. These increase requests followed the hikes that passed in February.

In Lebanon, new March offers showed increases in line with market expectations. The increases were reported with an average of $40/ton for PP and PE.

Meanwhile, trading activity inside the country continues to stumble. Since late 2019, the country has been facing an economic crisis.

March offers are currently standing at $1090-1110/ton for LLDPE, $1240-1270/ton for LDPE, $1070-1090/ton for HDPE film, $1080-1100/ton for HDPE b/m and inj., $1140-1150/ton for PPH raffia and inj., $1190-1210/ton for PPH film and fibre, $1240-1250/ton for PPBC and $1290-1300/ton for PPRC. Offers are on a CIF Lebanon, cash basis.

In a nearby market, Jordan, new PE offers surfaced with $10-50/ton increases while PP prices recorded up to $40/ton increases when compared to initial February ranges.

March offers are currently standing at $1230-1240/ton for LLDPE, $1350-1370/ton for LDPE, $1200-1230/ton for HDPE film, $1240-1270/ton for HDPE b/m and inj., $1180-1190/ton for PPH raffia and inj., $1200-1240/ton for PPH film and fibre. All offers are on a CIF Jordan, 90 days basis.
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