Saudi major announces Dec PE, PP offers to local market

According to players, the Saudi major revealed their December PP and PE prices to the local market with rollovers from November.

According to a trader, the Saudi major’s new December PP and PE prices remained unchanged at SAR3750/ton ($1000/ton) for homo-PP raffia and injection, at SAR3863/ton ($1030/ton) for homo-PP film and fibre, at SAR4163/ton ($1110/ton) for HDPE film, at SAR4275/ton ($1140/ton) for HDPE blow moulding, at SAR4425/ton ($1180/ton) for LDPE film, at SAR4200/ton ($1120/ton) for LLDPE c4 film and at SAR4350/ton ($1160/ton) for HDPE injection, all on an FD Jeddah, Saudi Arabia, cash basis.

A plastic end manufacturer reported that the market state is not steady given the political unrest while demand is below the average and they are not expecting any major changes given the year-end period.