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More Middle Eastern Oct PP, PE prices revealed to Kenya

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/10/2015 (17:35)
A Kenyan converter reported receiving more October PP and PE prices from different Middle Eastern producers. According to him, a major Saudi Arabian producer’s new prices indicate $10-30/ton hikes for LLDPE and HDPE film while they represent $50/ton hikes for PP raffia and injection.

The Middle Eastern prices that the converter received stand at $1280/ton for LDPE film, $1270-1300/ton for LLDPE film, $1290-1310/ton for HDPE film, $1170/ton for PPBC injection and at $1150/ton for PP raffia and injection on a CFR Mombasa, Kenya, 90 days deferred payment basis.

“Overall buying interest has started to pick up in Kenya and prices have started to gain some ground following the large decreases recorded during the previous months. We believe that the polyolefin markets have reached the bottom and that traders will try to maintain their current levels. Apart from the import market, the depreciation of the Kenyan shilling against the US dollar has also caused distribution market levels to rise.”
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