Local and import Nov PP, PE offers revealed in UAE
by ChemOrbis Editorial Team - content@chemorbis.com
In the United Arab Emirates, players have started to receive new PP and PE offers for November both from local and regional suppliers with mainly rollovers amid comfortable supplies and thin buying interest.
Accordingly, a major Saudi producer’s import PP and PE offers are reported at $1310-1320/ton for LDPE film, at $1180-1190/ton for LLDPE c4 film, at $1180-1200/ton for HDPE film, at $1190/ton for PP raffia and inj., all on CIF Dubai, 90 days basis.
A film manufacturer, meanwhile, reported receiving LDPE film offers from a different Saudi producer at $1320/ton with the same terms. He added, “We received November offers from two Saudi producers at unchanged levels. Market activities are slow due to the approaching year-end, when players tend to limit their purchases due to the bearish expectations.”
Inside the UAE, the local producer Borouge’s new offers are mostly unchanged at $1180/ton for LLDPE and HDPE film, $1270/ton for LDPE film and at $1070/ton for raffia and inj., all on FD Dubai, cash basis.
“Supplies are adequate. However, players continue to limit their purchases to their immediate needs due to the year-end book closures. Nevertheless, they are watching crude oil prices carefully as consistent increases might affect downstream prices in the coming days,” said a trader.
Accordingly, a major Saudi producer’s import PP and PE offers are reported at $1310-1320/ton for LDPE film, at $1180-1190/ton for LLDPE c4 film, at $1180-1200/ton for HDPE film, at $1190/ton for PP raffia and inj., all on CIF Dubai, 90 days basis.
A film manufacturer, meanwhile, reported receiving LDPE film offers from a different Saudi producer at $1320/ton with the same terms. He added, “We received November offers from two Saudi producers at unchanged levels. Market activities are slow due to the approaching year-end, when players tend to limit their purchases due to the bearish expectations.”
Inside the UAE, the local producer Borouge’s new offers are mostly unchanged at $1180/ton for LLDPE and HDPE film, $1270/ton for LDPE film and at $1070/ton for raffia and inj., all on FD Dubai, cash basis.
“Supplies are adequate. However, players continue to limit their purchases to their immediate needs due to the year-end book closures. Nevertheless, they are watching crude oil prices carefully as consistent increases might affect downstream prices in the coming days,” said a trader.
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