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LATEST NEWS: Saudi Arabian major unveils June PE prices to Turkey

by ChemOrbis Editorial Team -
  • 02/06/2020 (07:32)
According to buyers in Turkey, a Saudi Arabian major announced its initial June offers with increases from May. This was widely expected by players in the wake of gains in global upstream chain and limited supply in Turkey.

The producer’s most recent offers stood at $880/ton for LLDPE c4 film and $890/ton for HDPE film, both FCA Turkey, subject to 6.5% customs duty, cash. Some players said the supplier may be open for slight discounts for HDPE amid more sufficient allocations compared to LLDPE grades.

The recent announcements represented increases of $50-70/ton from H2 May, when the producer issued an upward revision after conceding to as low as $790/ton on early May deals.

As a side note, the producer reportedly offered later shipments at around $850-860/ton CIF Turkey.

Turkish players are now waiting to hear prices of other Middle Eastern producers soon with expectations calling for monthly increases following the Saudi major.
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