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Lebanese buyer: Saudi PP, PE supplies are very tight

by ChemOrbis Editorial Team -
  • 04/03/2015 (17:02)
In Lebanon, a household products manufacturer reported receiving new March PP and PE offers from a major Saudi Arabian producer. The buyer commented, “The producer issued hikes on their March prices when compared to their February levels. However, they told us that they hold very restricted HDPE film quotas while they hold no supplies for LLDPE and LDPE film. Therefore, their prices are mostly notional. Meanwhile, their PP availability is snug, too. Buying interest is improving, but finding supplies is getting to be very hard.”

The buyer received PP film, HDPE injection, HDPE blow moulding, and PP fibre at $1190/ton on CIF Beirut, Lebanon, 90 days basis. Meanwhile, they received LLDPE film at $1260/ton and HDPE film at $1170/ton with the same terms. PE prices indicate $20-60/ton hikes while PP prices represent $40/ton increases from February.
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