Players in Lebanon and Jordan receive higher PP, PE offers for October

The East Mediterranean markets continue to see new October PP, PE offers with increases following the hikes issued in nearby markets.

Despite the hindered trading activity across the region, sellers found support from the stronger feedstock costs and globally firming sentiment to raise their offers for the second month in a row. Meanwhile, buyers are attempting to get discounts from the announced levels before engaging in new deals.

October offers in Lebanon were reported with $20/ton increases for PE and PP at $1010-1020/ton for LDPE, $960-970/ton for LLDPE, $980-990/ton for HDPE film, $1010-1020/ton for HDPE b/m and inj., $1060-1070/ton for PPBC, $1110-1120/ton for PPRC, $960-970/ton for PPH raffia and inj., $1000-1020/ton for PPH film and fibre., on a CIF Lebanon, cash basis.

Players in Jordan also received new October PP and PE offers with $20/ton increases when compared to September levels at $1110-1120/ton for LDPE, $1030-1050/ton for LLDPE, $1000-1020/ton for HDPE film, $1050-1070/ton for HDPE b/m and inj., $1010-1020/ton for PPH raffia and inj., $1040-1050/ton for PPH film and fibre., on a CIF Jordan, 90 days basis.