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Mid-Eastern producer rolls over December PP, PE to Egypt

by ChemOrbis Editorial Team -
  • 03/12/2014 (13:15)
Another Middle Eastern producer has approached Egypt with their new prices for December. In contrast to other announcements from the region, this producer’s new prices indicate a steady trend from their late November levels. According to players, the unchanged figures from the producer are due to the fact that they had cut their prices significantly last month by around $110/ton.

The only lower price from the producer was for LLDPE injection at $1525-1535/ton on CIF Alexandria, 90 days basis, down by $25-35/ton from the seller’s late November levels. Meanwhile, the rest of the producer’s prices stand at $1500/ton for HDPE film and LLDPE film, $1490/ton for HDPE b/m and injection, $1570/ton for LDPE film and at $1460/ton for PP raffia and injection with the same terms.

A distributor commented, “The producer’s offers had indicated significant decreases in November and they had formed the low end of the import range. This may be why the seller kept their prices unchanged for December. We asked the producer about their availability and they said that it is not clear how much quota they spared for Egypt.”
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