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More Dec PP, PE offers announced in Egypt

by ChemOrbis Editorial Team -
  • 11/12/2018 (16:47)
In Egypt, two traders reported concluding their December PP deals with Middle Eastern producers with declines in line with the globally bearish trend and persistently poor demand across the country.

A Middle Eastern supplier’s deal levels were at $1150-1180/ton for PP raffia and inj., and $1200/ton for PP film and fiber, while a Saudi producer closed its December deals for PP raffia and inj. at $1160/ton, all on CIF Suez, 90 days deferred payment basis.

Meanwhile, a distributor offering on the behalf of a US supplier announced its new LDPE and LLDPE c4 film offers at $980/ton and $1060/ton respectively, with the same terms.

"PE prices are dropping on a weekly basis as sellers are willing to attract buying interest," the source stated.
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