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.”
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Destocking time of the year: US PE floods global markets with aggressive prices
- Taiwan’s Dec PVC prices to India expected to hold steady as players await ADD clarity
- Stats: Türkiye’s Q3 polymer imports down 9.5% year over year
- India's ADD proposal continues to echo through PVC markets: World’s largest buyer reshapes global trade
- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
