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More July PP, PE prices from the Middle East surface in SEA

by ChemOrbis Editorial Team - content@chemorbis.com
  • 26/06/2015 (11:33)
A source from a Saudi Arabian producer reported that the producer announced their July PP and PE prices to Southeast Asia with decreases from June. The producer reduced their prices by $90/ton for homo-PP, by $70/ton for PP block copolymer and by $60/ton for HDPE and LLDPE film when compared to June.

The source commented, “Our homo-PP and HDPE film allocations for July are limited. We are receiving bids $30-40/ton below our new offers in spite of our hefty drops.” The producer’s July prices stand at $1290/ton for raffia and injection, at $1350/ton for PP block copolymer and at $1380/ton for HDPE and LLDPE film, all on a CIF SEA, cash basis.

Meanwhile, a Vietnamese converter reported that they received a homo-PP raffia offer from a major Saudi producer this week at $1290/ton CIF, cash. He stated that he found this level to be too high to accept.
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