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Jordanian players receive May Middle Eastern PP, PE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/05/2016 (13:45)
In Jordan, players started to report new May PP and PE prices from the Middle Eastern producers with increases from April. According to players’ reports, offers indicate $60/ton hikes for PP and $20-80/ton increases for PE.

A film and injection products converter who received prices from two major regional producers noted, “May prices indicate increases from April while we already booked some cargoes based on our needs basis. Generally, supplies are comfortable in the market while demand is below normal since the export trade has been poor for a while.”

Another converter remarked, “Muted export activities as a result of closed borders continue to put pressure on the market. Meanwhile, supplies are comfortable in the market. Considering these factors, the increase amount of up to $80/ton for PE surprised us. We believe the acceptable hike amounts should be around $20-30/ton.”

Overall prices announced in Jordan so far stand at $1110/ton for PP raffia and injection, $1260/ton for HDPE film, $1280/ton for LDPE film and at $1290-1330/ton for LLDPE film on a CIP Amman, Jordan, 90 days deferred payment basis. Meanwhile, CIF Aqaba, Jordan, 90 days basis offers were reported at $1250/ton for LDPE and HDPE film and at $1250-1275/ton for LLDPE film.
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