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Major Saudi producer concludes deals with decreases in Egypt

by ChemOrbis Editorial Team -
  • 10/11/2015 (16:07)
An Egyptian buyer reported concluding PP and PE deals with a major Saudi Arabian producer with decreases from the initial November levels.

The buyer purchased HDPE, LDPE and LLDPE film at $1330/ton on CIF, 90 days deferred payment basis, with $40/ton drops from the initial November levels. Meanwhile, the converter also purchased PP raffia and injection from the producer, with $90/ton drops, at $1150/ton with the same terms.

“The major Saudi Arabian producer responded to our negotiations, especially after the emergence of more competitive prices from the Middle East. Considering these more competitive prices, the producer had to concede to our bids,” commented the buyer.
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