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New Middle Eastern PE prices start to surface for Feb in Turkey

by ChemOrbis Editorial Team -
  • 28/01/2015 (09:12)
New PE prices from the Middle East started to surface in Turkey this week with recent levels for a regional origin indicating a new three digit drops from the most recent January levels.

Initial February PE offers were reported at $1060-1100/ton for LDPE film, $1050-1060/ton for HDPE film and at $1050/ton for LLDPE c4 film, all on a CIF Turkey, subject to 6.5% customs duty, cash. These levels represented significant declines of $130-150/ton month over month. “We already concluded some deals at our new prices levels,” a seller reported.

Now, players are set to hear new February announcements from a Saudi Arabian major. The Saudi producer’s February prices have already been reported with decreases of $60-80/ton from January in the nearby Egyptian market.
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