Saudi major announces November PE prices to China
by ChemOrbis Editorial Team - content@chemorbis.com
An agent of a major Saudi Arabian producer reported that their supplier announced its November PE offers to China with increases when compared to October.
According to him, the producer applied a significant increase of $100/ton on its new HDPE prices while lifting LDPE and LLDPE film offers by $10/ton and $20/ton, respectively, from October.
The Saudi major’s November prices currently stand at $1250/ton for LDPE film, at $1200/ton for LLDPE and at $1280/ton for HDPE film, all on CIF China, cash basis.
The agent commented, “The producer’s HDPE tightness has eased recently and their LDPE and LLDE supplies are comfortable. We believe that HDPE supplies from Iran and the Middle East will increase gradually next month. Therefore, we have concerns about the producer’s new HDPE film offer, which might be too high if we consider the season. We are planning to focus more on LDPE, LLDPE and PP in November.”
According to him, the producer applied a significant increase of $100/ton on its new HDPE prices while lifting LDPE and LLDPE film offers by $10/ton and $20/ton, respectively, from October.
The Saudi major’s November prices currently stand at $1250/ton for LDPE film, at $1200/ton for LLDPE and at $1280/ton for HDPE film, all on CIF China, cash basis.
The agent commented, “The producer’s HDPE tightness has eased recently and their LDPE and LLDE supplies are comfortable. We believe that HDPE supplies from Iran and the Middle East will increase gradually next month. Therefore, we have concerns about the producer’s new HDPE film offer, which might be too high if we consider the season. We are planning to focus more on LDPE, LLDPE and PP in November.”
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