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Local PP, PE offers for March emerge with increases in S. Arabia

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/03/2023 (14:08)
In Saudi Arabia, the country’s major PP and PE producer unveiled its new March offers with increases in line with market expectations. PP offers were reported with SAR338/ton ($90/ton) increases when compared to February prices while PE offers recorded smaller increases of SAR37-75/ton ($10-20/ton).

On a related note, another local supplier revealed its new March offers with SAR75-188/ton ($20-50/ton) increases for PE and SAR188-263/ton ($50-70/ton) for PP. According to market sources, supplies are not ample in the market while traders are having an optimistic outlook on the demand state as buyers are expected to secure their needs before Ramadan.

The overall range for March is currently standing at SAR4763/ton ($1270/ton) for LDPE, SAR4163/ton ($1109/ton) for LLDPE, SAR4125/ton ($1099/ton) for HDPE film, SAR4313-4388/ton ($1150-1170/ton) for HDPE b/m, SAR4275/ton ($1139/ton) for HDPE inj., SAR4238/ton ($1129/ton) for PPBC, SAR4500/ton ($1199/ton) for PPRC, SAR4163-4238/ton ($1109-1129/ton) for PPH raffia and inj., SAR4313/ton ($1149/ton) for PPH fibre, SAR4313-4388/ton ($1149-1169/ton) for PPH film, SAR5625/ton ($1498/ton) for GPPS, SAR5813/ton ($1549/ton) for HIPS. All offers are on an FD Jeddah, cash basis.
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