Middle Eastern Oct PP, PE prices announced to Lebanon
The producer reportedly implemented decreases of $20/ton for HDPE film, $10/ton for LLDPE c4 film and LDPE film, $30/ton for HDPE blow moulding and HDPE injection, bringing their new offers to $1150/ton for HDPE film, $1180/ton for LLDPE c4 film, $1170/ton for HDPE blow moulding, $1200/ton for LDPE film and HDPE injection, all on a CIF Beirut, 90 days deferred payment basis.
According to the buyer, the producer’s new PP prices, meanwhile, suggest rollovers from September, except for their PPRC injection offers which rose $20/ton from the previous month. The producer’s new PP offers stand at $1090-1100/ton for PPBC inj., at $1200/ton for PPRC inj., at $1070/ton for homo-PP film and fibre and at $1040/ton for PP raffia and injection, with the same terms.
The buyer also reported that he received October PP and PE prices from an Emirati producer. The producer’s new offers are standing at $1090/ton for HDPE film, at $1170/ton for LLDPE c4 film, at $1130/ton for LDPE film, at $1050/ton for PPBC inj. and at $1000/ton for PP raffia and injection with the same terms.
“Demand is moderate while we expect to see some improvement in buying appetite in November and December in line with preparations for Christmas holidays as traditionally seen in that time of the year,” commented the converter.
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