Initial Middle Eastern PE prices surface in Turkey
by ChemOrbis Editorial Team - content@chemorbis.com
A Middle Eastern PE producer has revealed its new offers for November to Turkey late this week. A manufacturer reported receiving fresh offers from the source with decreases of $30/ton for LDPE and LLDPE c4 film and rollovers for HDPE film compared to October.
Accordingly, the Middle Eastern producer’s most recent prices are at $1240/ton for LDPE film, $1170/ton for LLDPE and $1200/ton for HDPE film, CIF Turkey, subject to 6.5% customs duty, cash.
“We are planning to keep our purchases limited for the time being as we think PE prices will come down further in the coming days,” noted the buyer, meanwhile.
Earlier this week, a different converter already stated, “We expect to hear slightly lower announcements from Mid-Eastern sellers for November LDPE and LLDPE cargos. However, sellers might receive some support for HDPE considering the facts that prices are firm in China for this product and Turkey already trades at a discount compared to China.”
Accordingly, the Middle Eastern producer’s most recent prices are at $1240/ton for LDPE film, $1170/ton for LLDPE and $1200/ton for HDPE film, CIF Turkey, subject to 6.5% customs duty, cash.
“We are planning to keep our purchases limited for the time being as we think PE prices will come down further in the coming days,” noted the buyer, meanwhile.
Earlier this week, a different converter already stated, “We expect to hear slightly lower announcements from Mid-Eastern sellers for November LDPE and LLDPE cargos. However, sellers might receive some support for HDPE considering the facts that prices are firm in China for this product and Turkey already trades at a discount compared to China.”
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