PP, PE prices continue to soften in May across North Africa

Players in Tunisia and Morocco received initial May PP, PE prices with rollovers to decreases for the second consecutive month. Despite the region’s relatively tight availability, subdued demand continues to weigh on market sentiment. Additionally, buyers believe that prices still have room for further reductions during May, hence they are adopting a wait-and-see stance for the meantime.

In Morocco, PE prices were down by €30-40/ton ($32-43/ton) while LDPE and PP prices remained steady when compared to March levels at €980-1000/ton ($1050-1071/ton) for LDPE, €930-940/ton ($996-1007/ton) for LLDPE, €930-950/ton ($996-1017/ton) for HDPE film, €970-980/ton ($1039-1050/ton) for HDPE b/m and inj., €1070-1080/ton ($1146-1157/ton) for PPBC, €1110-1120/ton ($1189-1200/ton) for PPRC, €960-970/ton ($1028-1039/ton) for PPH raffia and inj, €1000-1010/ton ($1071-1082/ton) for PPH film and fibre., on a CIF Casablanca, cash basis.

In Tunisia, PE and PP prices were down by €10-20/ton ($11-21/ton) at €1050-1070/ton ($1125-1146/ton) for LDPE, €970-990/ton ($1039-1060/ton) for LLDPE, €970-980/ton ($1039-1050/ton) for HDPE film, €980-1000/ton ($1050-1071/ton) for HDPE b/m and inj., €1070-1080/ton ($1146-1157/ton) for PPBC, €1110-1120/ton ($1189-1200/ton) for PPRC, €990-1010/ton ($1060-1082/ton) for PPH raffia and inj., €1010-1020/ton ($1082-1092/ton) for PPH film and fibre., on a CFR Tunisia, 90 days basis.