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More Middle Eastern PP, PE offers revealed for Dec in Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/12/2016 (20:30)
In Egypt, after a Saudi major pioneered December PE and PP offers issuing a rollover from November, more Middle Eastern producers revealed their December shipment offers for PP and PE with rollovers, except for an Emirati producer’s new HDPE film offers which indicated increases from their November levels.

A trader reported receiving new December PP and PE offers from another Saudi producer with rollovers from November. This producer maintained its new offers at $1180/ton for HDPE film, at $1210/ton for LDPE and LLDPE c4 film and at $1080/ton for PP raffia and injection, all on a CIF Alexandria, 90 days deferred payment basis.

The trader said that most of the Middle Eastern suppliers have kept their offers steady for this month; however they are willing to offer discounts for serious buyers.

According to a plastic end manufacturer, meanwhile, an Emirati producer rolled over LDPE and LLDPE c4 film offers for December while issuing increases of $30/ton on its new HDPE film offers due to the producer’s limited supply levels for this grade. The producer’s December offers are standing at $1140/ton for LDPE film, $1160/ton for LLDPE c4 film and at $1100/ton for HDPE film with the same terms.
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