November PP, PE offers fall in North Africa after two months

In North Africa, the firming trend has come to an end after having been in place since August. Demand across the region has plummeted further given the recent political instability across the region. Players in Algeria reported that sellers initially issued rollovers for their new November prices, before adjusting them down by $50/ton when compared to October levels amid the poor trading activity.

November offers are currently at $1070-1080/ton for LDPE, $990-1010/ton for LLDPE, $1010-1030/ton for HDPE film, $1050-1070/ton for HDPE b/m and inj., $1110-1120/ton for PPBC, $1150-1160/ton for PPRC, $1040-1050/ton for PPH raffia and inj., $1070-1080/ton for PPH film and fibre., on a CIF Algeria, cash basis.

Players in Morocco reported that sellers issued rollovers to €10/ton ($11/ton) increases for PE and €30/ton ($32/ton) increases for PP compared to October levels. However, sellers conceded to larger discounts of €30-50/ton ($32-53/ton) for PE while PP offers were adjusted down by €50/ton ($53/ton).

The overall range in Morocco is down by €20-40/ton ($21-43/ton) when compared to October levels at €960-970/ton ($1028-1039/ton) for LDPE, €920-930/ton ($985-996/ton) for LLDPE, €920-930/ton ($985-996/ton) for HDPE film, €960-970/ton ($1028-1039/ton) for HDPE b/m and inj., €1080-1090/ton ($1157-1168/ton) for PPBC, €1120-1130/ton ($1200-1211/ton) for PPRC, €970-980/ton ($1039-1050/ton) for PPH raffia and inj., €1010-1020/ton ($1082-1093/ton) for PPH film and fibre., on a CIF Casablanca, cash basis.

In Tunisia, November PP and PE offers emerged with €30/ton ($32/ton) decreases when compared to October levels at €1000-1020/ton ($1071-1093/ton) for LDPE, €940-950/ton ($1007-1018/ton) for LLDPE, €910-920/ton ($975-985/ton) for HDPE film, €910-920/ton ($975-985/ton) for HDPE b/m and inj., €1080-1090/ton ($1157-1168/ton) for PPBC, €1110-1120/ton ($1189-1200/ton) for PPRC, €960-980/ton ($1028-1050/ton) for PPH raffia and inj., €1000-1010/ton ($1071-1082/ton) for PPH film and fibre., on a CFR Tunisia, 90 days basis.