S. Arabia’s local PP, PE markets remain stable to soft for 5th consecutive month
by ChemOrbis Editorial Team - content@chemorbis.com
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.
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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