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Saudi major announces April PP, PE prices to China

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/03/2017 (10:33)
An agent of a Saudi major reported that the producer announced its April PP and PE offers to China with rollovers to slight decreases when compared to its most recent levels. According to the distributor, the producer implemented rollovers to decreases of $10-20/ton on its new PE offers.

The distributor commented, “The Saudi major is looking for other regions such as Southeast Asia to export their material as prices are not competitive in China and demand remains weak, especially for HDPE. The producer’s LLDPE supplies are tight while they continue to face supply issues for propylene.”

The Saudi major’s new PE offers are currently reported at $1270-1280/ton for LDPE film, at $1160-1170/ton for LLDPE c4 film and at $1160/ton for HDPE film, all on CIF China, cash basis. As for homo-PP raffia, the producer’s April offers stand at $1080-1100/ton with the same terms.

The overall dutiable import ranges have been reported so far this week at $1220-1280/ton for LDPE film, at $1130-1210$/ton for LLDPE c4 film, at $1118-1170/ton for HDPE film and at $1015-1100/ton for homo-PP raffia, all on CIF China, cash equivalent basis.
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