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Mid-Eastern producer adjusts Dec PP, PE prices down to Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/12/2014 (18:07)
A Middle Eastern producer, who had initially rolled over their December PP and PE prices apart from a $25-35/ton reduction for LLDPE injection, has stepped back from their offers. The producer had initially pointed to the three digit decreases they had issued in November as support for their rollover decision.

The producers’ offers are now $10/ton lower for HDPE blow moulding and injection, $20/ton lower for HDPE and LLDPE film, and $40/ton lower for PP raffia and injection. However, their LLDPE injection offers were reduced by a larger amount of $45-55/ton. The producer’s new offers stand at $1480/ton for HDPE film, b/m and injection as well as LLDPE film and injection on a CIF, 90 days basis. Meanwhile, the producer offers LDPE film at $1500/ton and homo-PP at $1420/ton with the same terms.

A distributor who received new prices from the producer commented that they are planning to purchase some cargoes this week. “However, we are aiming to achieve further decreases on our deals,” he added.
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