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More Saudi PP, PE prices for August emerge in Egypt

by ChemOrbis Editorial Team -
  • 08/08/2016 (16:57)
A trader operating in Egypt reported that their Saudi supplier revealed their August PP and PE prices to the country with rollovers to decreases of $10/ton for PE and $10-20/ton for PP when compared to their July levels.

According to the trader, the Saudi producer’s prices are at $1170/ton for LDPE film and at $1150-1160/ton for HDPE film and HDPE blow moulding, all on a CIF Alexandria, 90 days payment basis. He also reported that the Saudi producer’s PP prices currently stand at $1010-1020/ton for PP homo raffia and injection and at $1030-1040/ton for fibre with the same terms.

The trader stated that their customers are trying to reach lower done deal levels. However, they cannot accept the requested bids as their offers are regarded as being very competitive when compared to other prices in the market. He also added that demand had retreated this month due to dollar issues which hampers sales activity in the import market.
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