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Mid-East major concludes PP, PE deals with $70-80 discounts

by ChemOrbis Editorial Team -
  • 12/08/2015 (16:31)
A converter in Egypt reported concluding deals today with a major Middle Eastern producer with discounts of $70-80/ton on both PP and PE products compared to initial offers.

The buyer purchased homo-PP raffia and injection at $1430/ton and film and fibre grades at $1460/ton CIF Egypt, 90 days deferred payment.

A different buyer had also reported earlier today that they concluded deals with the same producer with $20/ton discounts at $1480/ton for raffia and injection and at $1510/ton for film and fibre based on CIF Egypt, 90 days.

Initial offers from this producer had been at $1500/ton for raffia and injection and at $1530/ton for film and fibre for August cargoes.

Meanwhile, players reported that other Middle Eastern suppliers are offering homo-PP this week at relatively lower prices of $1200-1250/ton with the same terms.

For PE products, the converter who received $70-80/ton discounts reported concluding deals with the major producer at $1480-1510/ton for LDPE film, at $1470/ton for LLDPE c4 film, at $1470/ton for HDPE film and at $1490/ton for injection grade, all on CIF Egypt, 90 days deferred payment.

Other producers from the Middle East are offering LDPE film at $1310-1450/ton, LLDPE c4 film at $1370-1450/ton and HDPE film at $1320-1450/ton with the same terms.
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