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Lebanese buyer: Saudi producer adjusts PP, PE prices downward

by ChemOrbis Editorial Team -
  • 17/02/2015 (13:36)
A household products manufacturer operating in Lebanon reported achieving deals with further discounts from a major Saudi Arabian producer. The buyer obtained $40-50/ton additional discounts for PP and $50-70/ton discounts for PE. The buyer purchased HDPE injection at $1090/ton, LDPE film at $1120/ton, LLDPE film at $1080/ton, PP injection at $1080/ton, PP raffia at $1080/ton, PP film at $1100/ton and PP fibre at $1100/ton on CIF Beirut, Lebanon, 90 days deferred payment basis.

The converter commented, “The producer informed us that these are going to be the last decreases and that March offers are likely to follow an upward trend. Regarding polymer demand, buying interest has improved this month but we cannot say the same for our end product demand. At the moment, we are observing from the market that traders are rushing to get their needs as they anticipate further increases as of March. Meanwhile, supply levels have not been that comfortable this month, although they were enough to meet demand.”
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