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Kenyan converter: April import PP, PE prices record increases

by ChemOrbis Editorial Team -
  • 04/04/2016 (15:04)
A plastic end product manufacturer operating in Kenya reported receiving new April PP and PE prices from a major Saudi Arabian producer with increases.

According to him, the Saudi producer issued $80/ton hikes on their PE prices at $1270/ton for HDPE and LLDPE film and at $1290/ton for LDPE film while they lifted up their PP prices by around $100/ton to $1080/ton for PP film on CFR Mombasa, Kenya, 90 days deferred payment basis.

“In general, supplies are limited and this situation supports sellers when lifting up their April prices. Given the availability constraints, we anticipate a firm stance from the Middle Eastern producers for the course of April. Meanwhile, we see normal end product demand, but we anticipate the new increases will affect the overall polymer demand negatively,” further added the buyer.
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