Saudi PE dealt lower for Dec in Egypt, no discount on PP
by ChemOrbis Editorial Team - content@chemorbis.com
A plastic end manufacturer operating in Egypt reported concluding PE deals for Saudi origin with decreases from initial December levels. Accordingly, the buyer obtained $40/ton discounts from a Saudi major compared to its initial December prices.
The converter’s recent done deal levels for Saudi LDPE, LLDPE and HDPE film are at $1170/ton CIF Suez, Egypt, 90 days deferred payment.
Meanwhile, the buyer also purchased some PP from the major at the initial December levels which stood at $1050/ton for PP raffia and injection and at $1080/ton for PP film and fibre, with the same terms.
“Demand is still weak locally as prices are firming up due to the higher dollar parity and tight availability. Buyers are still struggling with the tight liquidity problems,” commented the converter.
The converter’s recent done deal levels for Saudi LDPE, LLDPE and HDPE film are at $1170/ton CIF Suez, Egypt, 90 days deferred payment.
Meanwhile, the buyer also purchased some PP from the major at the initial December levels which stood at $1050/ton for PP raffia and injection and at $1080/ton for PP film and fibre, with the same terms.
“Demand is still weak locally as prices are firming up due to the higher dollar parity and tight availability. Buyers are still struggling with the tight liquidity problems,” commented the converter.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
- Tight supply keeps expectations bullish in Turkey’s PVC market
- End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets
- Mid-Eastern sellers approach China, SE Asia and Turkey with firmer PP, PE prices for Jan
- Egypt’s local PE, PP markets head north as pound plunges to new low
- Styrenics markets reverse slump after months-long downtrend in Europe
