Rollovers to decreases surface for April PP and PE in Morocco, Tunisia

In Morocco, players reported new April offers with rollovers to €50/ton ($55/ton) decreases for PE and €30-90/ton ($32-97/ton) decreases for PP grades when compared to initial March levels. This downtrend is a reflection of the global sentiment while sellers pointed that Ramadan lull is also contributing to weigh on the market sentiment and trading activity is limited.

April offers are currently standing at €1200-1210/ton ($1301-1312/ton) for LDPE, €1160-1170/ton ($1258-1269/ton) for LLDPE, €1150-1160/ton ($1247-1258/ton) for HDPE film, €1170-1190/ton ($1269-1291/ton) for HDPE b/m and inj., €1170-1180/ton ($1269-1280/ton) for PPBC, €1270-1280/ton ($1378-1388/ton) for PPRC enj., €1150-1160/ton ($1247-1258/ton) for PPH raffia and inj., €1190-1200/ton ($1291-1301/ton) for PPH film and fibre. All offers are on a CIF Casablanca, cash basis.

Meanwhile, in Tunisia, import sellers have rolled over their latest March deals into April. Offers are currently at €1290-1320/ton ($1399-1432/ton) for LDPE, €1170-1180/ton ($1269-1280/ton) for LLDPE, €1170-1180/ton ($1269-1280/ton) for HDPE film, €1190-1200/ton ($1291-1301/ton) for HDPE b/m and inj., €1250/ton ($1356/ton) for PPBC, €1150/ton ($1247/ton) for PPH raffia and inj., €1200/ton ($1301/ton) for PPH film and fibre., €1300/ton ($1401/ton) for PPRC, on a CFR Tunisia, 90 days basis.