Saudi major announces Nov PE, PP prices to Kenya
by ChemOrbis Editorial Team - content@chemorbis.com
In Kenya, two plastic end product manufacturers reported receiving new November shipment PP and PE offers from a Saudi major with rollovers to slight declines from October.
According to the converters, the Saudi major’s November prices indicate decreases of $10/ton for homo PP film, raffia and injection and for HDPE blow moulding while the producer rolled over its new LLDPE c4, LDPE and HDPE film offers from October.
Currently, the producer’s new offers to Kenya are reported at $1210/ton for HDPE film, LDPE film and LLDPE c4 film, at $1220/ton for HDPE blow moulding and at $1030/ton for homo PP raffia and injection, all on a CFR Mombasa, Kenya, 90 days deferred payment basis.
One of the plastic end manufacturers complained about slow market activities in Kenya amidst good availability in the market. He also cited the political instability in their country as the reason behind the slowing market activities; as the presidential elections will start next year and people are taking a cautious stance nowadays.
“The producer continued to roll over their offers amid the slow demand state. Supplies are available in the market but demand on our end product is discouraging. We were hoping to see some improvements by this month in demand; but overall demand remains below the average rates,” opined the other converter.
According to the converters, the Saudi major’s November prices indicate decreases of $10/ton for homo PP film, raffia and injection and for HDPE blow moulding while the producer rolled over its new LLDPE c4, LDPE and HDPE film offers from October.
Currently, the producer’s new offers to Kenya are reported at $1210/ton for HDPE film, LDPE film and LLDPE c4 film, at $1220/ton for HDPE blow moulding and at $1030/ton for homo PP raffia and injection, all on a CFR Mombasa, Kenya, 90 days deferred payment basis.
One of the plastic end manufacturers complained about slow market activities in Kenya amidst good availability in the market. He also cited the political instability in their country as the reason behind the slowing market activities; as the presidential elections will start next year and people are taking a cautious stance nowadays.
“The producer continued to roll over their offers amid the slow demand state. Supplies are available in the market but demand on our end product is discouraging. We were hoping to see some improvements by this month in demand; but overall demand remains below the average rates,” opined the other converter.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
