Jordanian converters: April Middle Eastern PP, PVC, PE prices up
Looking at overall offer levels, LDPE and HDPE film offers are at $1260/ton, LLDPE c4 film at $1200-1260/ton, PP raffia and injection at $1060/ton while PVC k67-68 is at $940/ton on CIP Amman, Jordan, 90 days deferred payment basis.
A converter operating in Zarka noted, “In line with approaching high summer season, we see improving demand for PE products however, export trade for our end products is still performing weakly given the closed borders with Syria and Iraq. Meanwhile, we believe that supplies are not problematic as we can easily satisfy our needs. Regarding the upcoming period, we anticipate further price hikes.”
A different converter confirmed the April price hikes but he complained about their end product demand and limited supplies. “These fresh hike amounts are not matching with our end product demand and we struggle to reflect these hikes to our end product prices. Nevertheless, limited supplies appear to support the higher April levels while we struggle to secure sufficient amount of cargoes in the market.”
Another converter backed up the limited supply comments and said, “Overall availability is very restricted from the Middle Eastern producers while our end product demand is almost muted. We try to sell raw materials instead of manufacturing them into end products in order to be able to gain some margins. However, overall demand remains discouraging.”
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