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More Middle Eastern PE, PP offers issued for November in Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/11/2016 (13:57)
In Egypt, Middle Eastern producers continue to announce their new November shipment PP, PE offers to the country. A trader reported receiving new offers from two different Middle Eastern suppliers with rollovers for PE; however one of them, a Saudi producer, implemented increases of $10-20/ton on its PP offers from its October levels.

According to the trader’s report, the producers’ PE offers are currently standing at $1180/ton for HDPE film and $1180-1190/ton for LLDPE c4 film, all on a CIF Alexandria, 90 days deferred payment basis.

The Saudi producer’s upwardly revised PP offers, meanwhile, are reported at $1040/ton for homo PP raffia and injection and at $1090/ton for PPBC inj. with the same terms.

The trader commented that demand is slow since October due to dollar parity issues and players are now quite cautious about their new purchases.
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