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Middle Eastern producers reveal Nov PP, PE prices to Lebanon

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/11/2015 (14:23)
In Lebanon, a household products manufacturer reported receiving new November prices from Saudi, Emirati and other regional producers. According to the buyer, the Emirati producer’s PE prices indicate $20-40/ton increases, the Saudi producer’s HDPE and LDPE film prices indicate $10/ton increases while their LLDPE and homo-PP prices represent $20-30/ton decreases and their PPBC injection offers are $40/ton firmer. Meanwhile, another regional producer’s PE offers are slightly down by $5/ton from October.

Looking at prices, a major Saudi producer’s prices are at $1280/ton for HDPE film, $1270/ton for LLDPE and LDPE film, $1100/ton for PP raffia and injection, $1120/ton for PP film and fibre, at $1200/ton for PPBC injection and at $1300/ton for PPRC injection on a CIF Beirut, Lebanon, 90 days deferred payment basis.

Meanwhile, the Emirati producer offers HDPE and LDPE film at $1170/ton and LLDPE film at $1250/ton while another regional producer offers HDPE and LDPE film at $1270/ton and LLDPE film at $1260/ton with the same terms.

The converter commented, “The new offer levels came in line with previous market expectations. Meanwhile, demand is not that bad in Lebanon, although supplies are rather limited."
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