January PP, PE offers emerge at higher levels in Kenya
by ChemOrbis Editorial Team - content@chemorbis.com
In Kenya, a reference country for the East African polyolefins markets, new offers emerged with increases over December levels. Saudi HDPE film and LLDPE C4 film materials were offered at an increase of $20/ton over last month while LDPE film offers saw a larger monthly increase of around $160-170/ton.
Following the recent price hikes, the latest PE offers stood at $1170-1180/ton for HDPE film and inj., $1200-1220/ton for HDPE b/m, $1110-1120/ton for LLDPE C4 film and $1440-1460/ton for LDPE film, all on CFR Mombasa, Kenya, 90 days basis.
A major Saudi supplier’s PPH inj. and raffia offers were $80/ton higher from December at $1330-1340/ton while PPBC inj. offers stood at $1380-1400/ton, with the same terms. However, a trader based in Nairobi reported concluding deals for Chinese materials at $1420-1440/ton for PPH raffia and $1500/ton for PPBC inj.
“Middle Eastern suppliers had little-to-no availability for Kenya this month. This led us turn to Chinese materials, which were offered at higher levels as compared to the notional Middle Eastern prices,” the trader said.
The trader also reported that tight allocations gave no room for negotiations in prices, adding that that the upcoming shutdowns in the Middle East could tighten the supply further through February and March.
Following the recent price hikes, the latest PE offers stood at $1170-1180/ton for HDPE film and inj., $1200-1220/ton for HDPE b/m, $1110-1120/ton for LLDPE C4 film and $1440-1460/ton for LDPE film, all on CFR Mombasa, Kenya, 90 days basis.
A major Saudi supplier’s PPH inj. and raffia offers were $80/ton higher from December at $1330-1340/ton while PPBC inj. offers stood at $1380-1400/ton, with the same terms. However, a trader based in Nairobi reported concluding deals for Chinese materials at $1420-1440/ton for PPH raffia and $1500/ton for PPBC inj.
“Middle Eastern suppliers had little-to-no availability for Kenya this month. This led us turn to Chinese materials, which were offered at higher levels as compared to the notional Middle Eastern prices,” the trader said.
The trader also reported that tight allocations gave no room for negotiations in prices, adding that that the upcoming shutdowns in the Middle East could tighten the supply further through February and March.
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