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More Nov PP, PE prices announced to Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/11/2015 (14:23)
In Egypt, more Middle Eastern producers approached the market with their new November offers. A trader reported offering new PP and PE prices on behalf of a Saudi producer with mostly rollovers while increasing their LDPE film prices by $30/ton. “We are yet to receive any inquiries and we believe it is still early to judge the state of demand.” The trader offers HDPE film at $1200/ton, LDPE film at $1250/ton, PP raffia and injection at $1150/ton and PP fibre at $1180/ton on CIF Alexandria, 90 days deferred payment basis.

Meanwhile, another trader offering on behalf of a Kuwaiti producer stated that the producer’s HDPE and LLDPE film offers indicate rollovers from their initial October levels at a single level of $1290-1300/ton for both products on CIF Alexandria, cash basis. “We have received some inquiries but demand is below normal. Meanwhile, we hold moderate quota amounts for November,” he added.
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