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More July PE offers emerge in East Africa

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/07/2015 (17:58)
A trader offering Middle Eastern PE to both Kenya and the United Republic of Tanzania reported that new July offers indicate around $50/ton decreases from June. “The Middle Eastern producer’s quota amounts are sufficient this month, apart from HDPE injection and some PP products. Demand is slowly picking up when compared to last month,” he added.

The trader’s offers for a major Saudi Arabian producer’s cargoes stand at $1480/ton for HDPE film, $1490/ton for HDPE blow moulding, $1500-1530/ton for LDPE film and at $1470/ton for LLDPE film, both on a CFR, Mombasa, Kenya, 90 days deferred payment basis and on a CFR, Dar es Salam United Republic of Tanzania, 90 days deferred payment basis.
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