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SEA players start to receive Aug PE, PP prices from Mid-East

by ChemOrbis Editorial Team -
  • 24/07/2015 (09:04)
A source from a Saudi Arabian producer reported that the producer announced their August PP and PE prices to Southeast Asia. When compared to the producer’s July announcement levels, their August offers indicate decreases of $110/ton for homo-PP raffia and injection, $60/ton for PP block copolymer, $40/ton for HDPE film and $70/ton for LLDPE film.

The producer’s August prices stand at $1180/ton for PP raffia and injection, at $1290/ton for PP block copolymer, at $1340/ton for HDPE film and at $1310/ton for LLDPE film, all on a CIF SEA, cash basis.

The source commented, “Our allocations will be limited until the start of 2016 due to a planned maintenance shutdown at our plant. We are planning to shut our plant for around 2-3 months in the fourth quarter of this year.”

Meanwhile, a trader operating in Southeast Asia reported that they received August PE offers from a Middle Eastern producer at $1310/ton for LLDPE film and at $1320/ton for HDPE film, both on a CIF Vietnam, cash basis. “We think that demand may not improve before September due to seasonal reasons,” he stated.
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