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Initial Mid-Eastern PE offers emerge for July in Turkey

by ChemOrbis Editorial Team -
  • 04/07/2017 (15:57)
Two Middle Eastern PE producers have revealed their fresh offers to Turkey early this week. The most recent levels indicated decreases compared to last June levels, as widely expected given lackluster demand and lower ethylene costs across global markets.

A Middle Eastern producer’s new PE prices are reported at $1170-1180/ton for LDPE, $1110-1120/ton for LLDPE c4 film and $1090-1100/ton for HDPE film, CIF Turkey, subject to 6.5% customs duty, cash. These prices represented decreases of $30-50/ton for LDPE, $30-40/ton for LLDPE and $20-30/ton for HDPE film.

Meanwhile, another regional producer started to offer Saudi Arabian HDPE film at $1090-1100/ton too with the same terms above. “PE activity is still muted as of early this week, with HDPE blow moulding performing weak, in particular,” opined a producer source.

Now eyes are on the upcoming announcements from a Saudi Arabian major amidst speculations that the producer will not have prompt HDPE film allocation for Turkey until August.
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