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Saudi major applies rollovers to small hikes on PP in Kenya

by ChemOrbis Editorial Team -
  • 03/08/2017 (18:24)
In Kenya, a converter bought some homo PP from a Saudi major with rollovers to increases of $10/ton from July. The done deal levels were reported at $1100-1110/ton for homo PP raffia and inj. on CFR Mombasa, 90 days basis.

“Demand remains slow, since the market is unstable amidst the upcoming elections on next Tuesday. Meanwhile, the plastic bag ban, which has been effective as of early August, has caused sales activities to slow down as a large percentage of the plastic industry in Kenya is based on producing plastic bags,” said the manufacturer.
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