May PP, PE offers surface in Morocco, Tunisia

In Morocco, players reported new May offers with rollovers for PE and rollovers to €30-60/ton ($33-66/ton) decreases for PP when compared to initial April levels. This is the second consecutive month of a stable to soft trend. Sellers pointed out that trading activity failed to improve post holidays.

May offers are currently standing at €1200-1210/ton ($1322-1333/ton) for LDPE, €1160-1170/ton ($1278-1289/ton) for LLDPE, €1150-1160/ton ($1267-1278/ton) for HDPE film, €1170-1190/ton ($1289-1311/ton) for HDPE b/m and inj., €1170-1180/ton ($1289-1300/ton) for PPBC, €1240-1250/ton ($1366-1377/ton), €1100-1110/ton ($1212-1223/ton) for PPH raffia and inj., €1140-1150/ton ($1256-1267/ton) for PPH film and fibre. All offers are on a CIF Casablanca, cash basis.

In Tunisia, import offers were reported with rollovers when compared to initial April offers. Offers are currently at €1290-1320/ton ($1421-1454/ton) for LDPE, €1170-1180/ton ($1289-1300/ton) for LLDPE, €1170-1180/ton ($1289-1300/ton) for HDPE film, €1190-1200/ton ($1311-1322/ton) for HDPE b/m and inj., €1250/ton ($1377/ton) for PPBC, €1300/ton ($1432/ton) for PPRC, €1150/ton ($1267/ton) for PPH raffia and inj., €1200/ton ($1322/ton) for PPH film and fibre., on a CFR Tunisia, 90 days basis.