More Saudi producers announce Dec PE, PP prices to Egypt
A Saudi producer’s December offers to Egypt also indicate rollovers as the overall market sentiment remains poor. A distributor reported receiving offers at $1225/ton for HDPE film, $1345/ton for LDPE film, $1255/ton for LLDPE c4 film, $1215/ton for HDPE b/m and at $1140/ton for PP raffia and inj. CIF, Alexandria, Egypt, 90 days. “There are a limited number of local offers in the market as traders prefer to wait until a clearer picture is drawn,” the seller noted.
However, a trader offering on behalf of a different Saudi producer started offering with decreases from November due to the sluggish year-end demand. The source commented, “Demand is poor and inquiries we receive are not many. On the other hand, our December allocations are limited.”
The producer’s PP prices indicate slight discounts of $10/ton while its PE prices are reported $30 lower for HDPE grades and $40/ton lower for LDPE compared to November.
Accordingly, trader’s PP offers are reported at $1170-1180/ton for PP raffia, $1180-1190/ton for PP inj., $1190-1200/ton for fibre while PE offers stand at $1270-1280/ton for LDPE film, $1190-1200/ton for HDPE film and b/m and $1440-1450/ton for HDPE pipe orange on CIF Alexandria, Egypt, 90 days basis.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- West African PP, PE markets remain strong in October
- European players evaluate impact of energy surcharge on polymer markets
- Global PET markets surge on heels of costs, tightness
- SE Asia PP uptrend fueled by China’s strong return
- US PE offers back in the game in global markets
- Egypt’s PP, PE markets rise to 5-month high in October
- Oct PE pricing under discussion amid rising costs, tepid demand in Europe
- Crude at multi-year highs contributes to a perfect storm in polymers
- An enduring challenge: Unprecedented times in PVC markets
- Saudi major opts for firm Oct pricing in both local and export polyolefin markets