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Jordanian buyer receives Mid-Eastern PP, PE prices for Sept

by ChemOrbis Editorial Team - content@chemorbis.com
  • 31/08/2015 (17:28)
In Jordan, a converter reported receiving new September PP and PE prices from two different Middle Eastern producers. According to the buyer, new prices from a Saudi Arabian producer indicate $50/ton decreases from August. “However, before making a purchase decision, we prefer to hear other Saudi producers’ prices,” he added.

“We are expecting a major Saudi producer to announce similar decreases amidst weak demand and ample supplies. Suppliers these days are not picky about trade volumes and they can conclude deals in almost any amounts,” he stated.

The buyer received Middle Eastern prices at $1270-1300/ton for HDPE film, $1300/ton for LDPE film, $1260-1300/ton for LLDPE film and at $1250/ton for PP raffia and injection on a CIF Amman, Jordan, 90 days deferred payment basis.

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