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Saudi major announces July PP, PE prices to Jordan

by ChemOrbis Editorial Team -
  • 29/06/2016 (14:29)
In Jordan, a plastic end product manufacturer reported that a major Saudi producer revealed their new July shipment PP and PE prices to the country. New offers were announced with rollovers for PE while PP grades indicate $40/ton decreases when compared to June levels.

The converter receiving the new levels from the producer commented, “Demand is still sluggish in the market with the effect of the upcoming Eid holidays. We think that the producer may give additional decreases on their deals in order to boost their sales.”

According to the converter, Saudi major’s offers stand at $1030/ton for homo-PP raffia and injection and at $1200/ton for LDPE film, LLDPE c4 film and HDPE film, all on a CIP Amman, Jordan, 90 days deferred payment basis.
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