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Jordanian buyer: Saudi producer concedes to PE discounts for July

by ChemOrbis Editorial Team -
  • 19/07/2016 (16:00)
In Jordan, an end product manufacturer reported receiving PE prices from a Saudi major with discounts from the producer’s initial July levels.

The buyer opined, “Supply is not problematic in the market. We were expecting drops for the beginning of the month, however; contrary to our expectations the producer issued rollovers on their prices. Demand is not great in the post holiday period but it is still moving. Lower done deals are obtainable in the market. We are not clear about the next month’s course although a stable to firmer trend is expected. We are cautious on our purchases and following the market trend very carefully.”

According to the buyer, the Saudi major lowered their prices by $20/ton for LDPE film and by $30/ton for both LLDPE film and HDPE film to be respectively reported at $1180/ton and at $1170/ton all on a CIP Amman, 90 days deferred payment basis.
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