Skip to content




Markets

Asia Pacific

  • Africa

  • Egypt
  • Africa
  • (Algeria, Tunisia, Libya, Morocco, Nigeria, Kenya, Tanzania, South Africa)

Filter Options
Text :
Search Criteria :
Territory/Country :
Product Group/Product :
News Type :
My Favorites:
 

Saudi major announces June PP, PE offers to Egypt

by ChemOrbis Editorial Team - content@chemorbis.com
  • 01/06/2020 (09:50)
According to players in Egypt, a major Saudi Arabian producer announced its initial offers for June with rollovers for PP and increases of $30-40/ton for PE from May levels.

The producer’s initial PPH offers were at $870-880/ton for PPH raffia and inj., $880-910/ton for PPH film, $960-980/ton for PPRC inj. and $900-940/ton for PPBC inj., CIF Egypt, 90 days. The producer’s PE offers were at $920-940/ton for LDPE film, $810-830/ton for LLDPE C4 film and $810-820/ton for LLDPE C4 film, HDPE film and b/m, with the same terms.

“Those are only the initial prices and not many buyers would be inclined to buy at these levels,” according to an end-products manufacturer. Explaining the reasons for the lack of buying interest, he said: “Firstly, the availability is largely comfortable and secondly, the rising count of confirmed COVID-19 cases is blurring the market outlook. Other hindering factors are liquidity issues and higher US dollar rates.”
Free Trial
Member Login