Rollovers seen for April PP, PE offers in Jordan and Lebanon
by ChemOrbis Editorial Team - content@chemorbis.com
Sellers have failed to maintain the firming trend which kicked off in early this year, following the easing supply pressure and weaker-than-expected demand in Asia. The Ramadan lull is also affecting trading activity across the Middle East.
In Lebanon, players reported new April offers with mostly rollovers when compared to initial March levels. According to local sources, sellers are hesitant about making new purchases given the persisting harsh economic conditions and Ramadan lull.
April offers are currently standing at $1090-1110/ton for LLDPE, $1240-1270/ton for LDPE, $1070-1090/ton for HDPE film, $1080-1100/ton for HDPE b/m and inj., $1140-1150/ton for PPH raffia and inj., $1190-1210/ton for PPH film and fibre, $1240-1250/ton for PPBC and $1290-1300/ton for PPRC. Offers are on a CIF Lebanon, cash basis.
Meanwhile, in Jordan, import suppliers unveiled their new April offers with rollovers when compared to March levels.
Offers are currently standing at $1230-1240/ton for LLDPE, $1350-1370/ton for LDPE, $1200-1230/ton for HDPE film, $1240-1270/ton for HDPE b/m and inj., $1180-1190/ton for PPH raffia and inj., $1200-1240/ton for PPH film and fibre. All offers are on a CIF Jordan, 90 days basis.
In Lebanon, players reported new April offers with mostly rollovers when compared to initial March levels. According to local sources, sellers are hesitant about making new purchases given the persisting harsh economic conditions and Ramadan lull.
April offers are currently standing at $1090-1110/ton for LLDPE, $1240-1270/ton for LDPE, $1070-1090/ton for HDPE film, $1080-1100/ton for HDPE b/m and inj., $1140-1150/ton for PPH raffia and inj., $1190-1210/ton for PPH film and fibre, $1240-1250/ton for PPBC and $1290-1300/ton for PPRC. Offers are on a CIF Lebanon, cash basis.
Meanwhile, in Jordan, import suppliers unveiled their new April offers with rollovers when compared to March levels.
Offers are currently standing at $1230-1240/ton for LLDPE, $1350-1370/ton for LDPE, $1200-1230/ton for HDPE film, $1240-1270/ton for HDPE b/m and inj., $1180-1190/ton for PPH raffia and inj., $1200-1240/ton for PPH film and fibre. All offers are on a CIF Jordan, 90 days basis.
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