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Saudi Arabian major announces February PE prices to Turkey

by ChemOrbis Editorial Team - content@chemorbis.com
  • 29/01/2015 (10:23)
Middle Eastern PE prices continue to be revealed with three digit decreases in Turkey. After new offers for a Middle Eastern origin pioneered February decreases with monthly drops of $130-150/ton earlier this week, a Saudi Arabian major approached the market with $130-140/ton reductions for February.

Buyers reported receiving fresh offers from the producer at $1150/ton for LLDPE c4 film and $1180-1200/ton for HDPE film, all on an FCA Turkey, subject to 6.5% customs duty, cash basis. "Price decreases remain in place for PE. We are yet to make any purchases as we are still waiting to determine the tonnage of our requirements," a packaging converter commented.

Another buyer noted, “We will buy some HDPE film from the producer for now while we expect them to adjust their initial prices further downward next week. Plus, we are waiting for another regional producer to reveal their new prices on Friday, which will most probably come slightly lower than this Saudi Arabian source’s prices.”
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