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Kenyan buyer receives Saudi PP, PE prices for August

by ChemOrbis Editorial Team -
  • 05/08/2015 (18:21)
A film products converter operating in Kenya reported receiving new August PP and PE prices from a major Saudi Arabian producer with decreases of $90/ton. Yet, the buyer still aims for further reductions before purchasing.

“Overall demand is weak and the USD parity is very high, hindering import purchases. Players are taking their time when it comes to making fresh purchases since supplies are not problematic at all. On the other hand, suppliers are trying to stand firm on their offer levels and so far, we have not managed to obtain any discounts,” he added.

The buyer received Saudi HDPE and LDPE film at $1390/ton, LLDPE c4 film at $1380/ton and PP film at $1290/ton on a CIF Mombasa, Kenya, 90 days deferred payment basis.
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