July PP, PE offers emerge in Kenya, Tanzania
In Kenya, a converter concluding deals with decreases of $10-20/ton for homo PP commented, "There’s a fierce competition between the suppliers this month due to weak demand as they are willing to give discounts to conclude more deals and attract buying interest.” The converter’s done deal levels were reported at $1100/ton for PP raffia and inj., on CFR Mombasa, 90 days basis.
“Supplies are ample while demand remains weak with players booking limited cargoes amid the upcoming August elections. Middle Eastern producers are adjusting their offers down to conclude deals. Players are expecting softer offers within the upcoming term given the softer upstream costs,” opined a trader.
In Kenya, the overall range for July PP and PE offers are now reported at $1230-1280/ton for LDPE film, at $1200-1230/ton for LLDPE film, at $1160-1200 for HDPE film, $1080-1100/ton for PP raffia and inj., with the same terms.
In Tanzania, the overall July PP and PE range is standing at $1270-1280/ton for LDPE film, at $1200/ton for LLDPE film, at $1160-1200/ton for HDPE film, $1080-1100/ton for PP raffia and inj., with the same terms.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- Import PE uptrend persists in China despite bearish winds mounting in local market
- 3-digit hikes in Oct PVC offers reinforce supply-driven bullishness in Asia
- Crude oil caught between demand woes and production disruption
- Tightness drives European PVC market up, prices near pre-pandemic levels
- Major LDPE markets touch multi-year highs on growing tightness
- A prospect for Q4 through uncharted waters of 2020 amid pandemic
- China's import PP markets maintain uptrend under shadow of oil-driven losses in Dalian futures
- Weaker domestic demand prompts Vietnam to export polymers
- European PP market ceases upward trend in September
- Force majeure declarations rock the boat in Turkish PVC market