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Middle Eastern producers reduce PP, PE prices to Tanzania

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/12/2014 (15:13)
A Tanzanian buyer reported receiving Middle Eastern PP raffia offers with $60/ton discounts from two different regional producers at $1480/ton on a CFR Dar es Salam, United Republic of Tanzania, 90 days basis when compared with their latest November prices.

“Our raffia stocks are very low and we have to purchase some materials, but we believe that raffia prices should drop to around $1420-1430/ton. However, right now, we do not think that such steep discounts are possible. We might just get $10-20/ton discounts on deals. Meanwhile, the Middle Eastern producers’ availability seems comfortable. Considering the globally decreasing trend, the majority of players are refraining from taking positions in the market. Meanwhile, as converters, we still hold end products manufactured from previously-purchased high cost materials and we struggle to reflect our previous costs to our end product prices since our customers are asking for discounts while highlighting the declining trend.”

The buyer also received Middle Eastern LDPE film with $50/ton decreases at $1550/ton and LLDPE with $30/ton decreases at $1540/ton on a CFR Dar es Salam, United Republic of Tanzania, 90 days basis.
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