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Major Saudi producer issues March PP, PE prices to Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/02/2016 (16:12)
In Egypt, a distributor reported receiving initial March PP and PE prices from a major Saudi Arabian producer with increases from February. According to the distributor, the new levels indicate $10/ton increases for PP and $10-30/ton increases for PE.

“In line with our expectations, the new March prices came with slight increases from February levels. However, since this is just the first announcement for the month, we are planning to wait a little bit more until we hear other Middle Eastern producers’ new March levels before deciding on a purchase,” added the distributor.

The major Saudi producer’s new March levels stand at $1210/ton for LDPE, LLDPE c4 and HDPE film, at $1240/ton for HDPE blow moulding, $1260/ton for HDPE injection and at $1280/ton for HDPE pipe on a CIF Suez, 90 days deferred payment basis. Meanwhile, the producer offers PP film, raffia and fibre at $1040/ton, PP injection at $1010/ton, PPBC injection at $1090-1110/ton, PPRC injection at $1190/ton and PPRC (Type 3) injection at $1250/ton with the same terms.
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