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Mid-East producers follow with lower PE prices to Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/11/2014 (09:49)
Following the lead of other major producers, more Middle Eastern producers reduced PE prices for the month of November in the Egyptian market. An agent for one of the producers reported offering HDPE film at $1610/ton and LLDPE c4 film at $1620/ton CIF Alexandria, Egypt, 90 days deferred payment, forming the low end of the overall import range in the country.

The agent commented, “The producer is offering $50/ton below their October offers and we can only give discounts of up to $10/ton for our serious customers. The allocations are limited for this month and we hope to see better demand since buyers had been waiting until seeing the November offers to purchase.”

A source from another regional producer reported lowering their PE prices by $20/ton for November bringing their LDPE film offers to $1680-1700/ton and LLDPE c4 film to $1640/ton CIF Alexandria, Egypt, 90 days deferred payment.

The source noted, “Our allocations are normal except for LLDPE and heavy duty LDPE due to good demand for these products. The market is nervous about the softness seen in November and players are expecting further reductions and lower done deals. Most are just watching the market for now.”

The overall range for LLDPE c4 film is currently at $1620-1640/ton CIF Egypt, 90 days deferred payment. The range for HDPE film is at $1610-1690/ton and for LDPE film at $1670-1700/ton with the same terms.
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