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S. Arabia’s local PP, PE markets remain stable to soft for 5th consecutive month

by ChemOrbis Editorial Team -
  • 30/08/2017 (13:47)
In Saudi Arabia, after a major producer pioneered the September offers early this week with rollovers, with the exception of LDPE, in the PP and PE markets, a second local producer approached the market with its new offers.

The producer’s new September offers represent rollovers for PP and decreases of SAR150/ton ($40/ton) for LLDPE and HDPE film, and SAR38/ton ($10/ton) for HDPE b/m.

Accordingly, they are reported at SAR4125/ton ($1100/ton) for PP injection and raffia, SAR4313/ton ($1150/ton) for LLDPE c4 film, SAR4275/ton ($1140/ton) for HDPE film and SAR4237/ton ($1130/ton) for HDPE b/m, all FD Jeddah, cash basis.

This has been the fifth month in a row that the trend has been on a soft note particularly in the PE market. PP is relatively firmer as the two producers have kept their offers steady for this product in August and September.
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