PE prices post larger increases than PP for March in UAE
by ChemOrbis Editorial Team - content@chemorbis.com
Middle Eastern producers unveiled March import PP and PE prices to the United Arab Emirates with increases for the second consecutive month. PE prices were up by $10-40/ton while PP prices posted a smaller increase of $10/ton when compared to February at $1120-1170/ton for LDPE, $990-1030/ton for LLDPE, $990-1010/ton for HDPE film, $1020-1100/ton for HDPE b/m, $1020-1050/ton for HDPE inj., $1050-1080/ton for PPBC, $1000-1130/ton for PPH raffia and inj., $1040-1180/ton for PPH film and fibre., all on CIF Dubai, 90 days basis.
In the local market, PP prices from the domestic producer surfaced with $10/ton increases when compared to February levels at $910-940/ton for PPH raffia and inj., and $970-980/ton for PPBC, on a FD Dubai, cash basis. This price hike came after the initial rollover requests revealed last month, followed by $30/ton discounts.
“The subdued demand fails to bolster the upward trajectory of prices. With Ramadan looming on the horizon, there’s a possibility of further slowdown in market activity,” opined a trader.
In the local market, PP prices from the domestic producer surfaced with $10/ton increases when compared to February levels at $910-940/ton for PPH raffia and inj., and $970-980/ton for PPBC, on a FD Dubai, cash basis. This price hike came after the initial rollover requests revealed last month, followed by $30/ton discounts.
“The subdued demand fails to bolster the upward trajectory of prices. With Ramadan looming on the horizon, there’s a possibility of further slowdown in market activity,” opined a trader.
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