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More Mid-Eastern PP, PE offers for August surface in Jordan

by ChemOrbis Editorial Team -
  • 08/08/2016 (09:35)
A plastic end product manufacturer operating in Jordan reported that they received August shipment PP and PE prices from different Middle Eastern producers with rollovers from July levels.

According to the converter, a Saudi major currently offers homo-PP raffia and injection at $1030/ton, HDPE film and LDPE film at $1200/ton and LLDPE film at $1180/ton, all on a CIP Amman, Jordan, 90 days basis. The converter opined, “Demand is still slow and buyers are only purchasing within their urgent needs. More competitive Middle Eastern offers are obtainable in the market therefore $10-20/ton discounts could be achievable from the major producer’s August offers.”

The converter also reported that he received August HDPE prices from an Emirati producer at $1150/ton on a CIF Aqaba, Jordan, 90 days basis. Meanwhile, he was also offered August LDPE film by another Saudi producer at $1170/ton with the same terms.

Prior to these Middle Eastern producers’ offers, a different Saudi producer had revealed their August LLDPE prices to Jordan at $1275/ton on a CIF Jordan, 90 days deferred payment basis.
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