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Saudi major issues June PP, PE prices to Lebanon

by ChemOrbis Editorial Team -
  • 06/06/2016 (13:54)
An end product manufacturer in Lebanon reported that they received June shipment PP and PE prices from a major Saudi Arabian producer with rollovers from May.

According to him, the producer’s new offers stand at $1130/ton for homo-PP film and at $1230-1240/ton for HDPE film, both on a CIF Beirut, 90 days deferred payment basis. The buyer commented, “The producer elected to roll over their new prices for June after issuing increases in May. Supplies are sufficient this month, but demand is quite slow as buyers are cautious about making fresh purchases due to limited activities during Ramadan.”
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