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Saudi PE dealt lower for September in Jordan

by ChemOrbis Editorial Team -
  • 26/09/2016 (13:46)
A plastic end product manufacturer operating in Jordan reported that a Saudi major implemented discounts on its PE offers for September.

“We were able to conclude deals $10/ton lower for September with a major Saudi producer. Offers are more or less stable from the previous month and supplies are ample. Demand for our end product is faltering and we haven’t seen any improvement since the Eid holidays. Plus, the overall market activity is slow. We are waiting to receive the new price announcements within the upcoming days and we are expecting a mostly steady trend for October,” commented the buyer.

The buyer concluded deals at $1160/ton for HDPE film and LDPE film and at $1170/ton for LLDPE c4 film, all on CIP Amman, Jordan, 90 days basis.
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