Saudi major announces July PP, PE offers to N. Africa
by ChemOrbis Editorial Team - content@chemorbis.com
Players in Algeria and Morocco reported receiving PP and PE prices from a Saudi major for July.
In Algeria, a trader received new offers from the Saudi major with $20-30/ton increases from June at $1380/ton for PP raffia and inj., $1420/ton for homo PP film, and $1550/ton for PPRC inj. , all on CIF Algeria, 90 days basis.
As for Morocco, Saudi major announced its July offers at €1150/ton for PP raffia and inj., €950/ton for LLDPE c4 film, and €1050/ton for LDPE film, all on CIF Casablanca, Morocco, 90 days basis.
"Supply and demand dynamics are balanced while players are only meeting their immediate needs as they don’t feel confident about the upcoming trend”, a source noted.
In Algeria, a trader received new offers from the Saudi major with $20-30/ton increases from June at $1380/ton for PP raffia and inj., $1420/ton for homo PP film, and $1550/ton for PPRC inj. , all on CIF Algeria, 90 days basis.
As for Morocco, Saudi major announced its July offers at €1150/ton for PP raffia and inj., €950/ton for LLDPE c4 film, and €1050/ton for LDPE film, all on CIF Casablanca, Morocco, 90 days basis.
"Supply and demand dynamics are balanced while players are only meeting their immediate needs as they don’t feel confident about the upcoming trend”, a source noted.
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