Kenyan converters receive lower Mid-Eastern Dec PP, PE prices
A converter operating in Nairobi reported, “We received new December prices from two different Middle Eastern producers and both of their prices indicate decreases of $50/ton from last month. However, we anticipate further discounts from regional producers on the back of declining upstream costs. Meanwhile, we have started to see some improvement on our end product demand.”
The buyer received PP raffia and injection at $1510-1530/ton, PPBC injection at $1580/ton and HDPE film at $1560/ton while they were also offered HDPE b/m and injection $1550/ton on a CFR Mombasa, Kenya, 90 days deferred payment basis.
Meanwhile, a film products manufacturer remarked, “Middle Eastern PP and PE prices indicate $40-50/ton decreases from last month. Considering the globally softening trend, we anticipate further decreases of up to $60/ton. Meanwhile, overall demand is steady in the local market and the market has been calm ahead of the approaching Christmas and New Year holidays.”
The buyer received HDPE film at $1560/ton, LLDPE film at $1540/ton, LDPE film at $1550/ton and PP film at $1510/ton on a CFR, Mombasa, Kenya, 90 days deferred payment basis.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- European PE markets set for 2nd bullish month on rising costs
- Turkey’s PP and PE markets propelled to a firm start to H2 despite vulnerable conditions
- Asian PVC sees V-shaped recovery in Q2, what will Q3 bring?
- Will capacity additions cast cloud on ethylene upsurge in Asia?
- US PVC offers in Egypt rise steadily but resistance grows in tandem
- PE buyers’ resistance grows in SEA; duty-free origins more competitive than Mid-East
- Polymer demand cools in Turkey: Is price correction ahead for PP, PE and PVC?
- China’s rising PET trend takes a pause, but longer-term outlook remains firm
- Uptrend in China’s import PP market continues but cautious mood returns
- Hikes in Asia July PVC offers baffle some buyers, further rally under discussion