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Saudi major issues May PP, PE offers to Egypt

by ChemOrbis Editorial Team -
  • 02/05/2017 (09:56)
In Egypt, initial import PP and PE offers for May were revealed with rollovers from April in line with players’ expectations amidst the softening crude oil markets. However, players reported that they expect the major to concede to lower levels in deals, as was the case in the previous month.

The Saudi major’s new PP and PE prices are reported unchanged at $1280-1300/ton for homo PP raffia and inj., $1310-1330/ton for film, $1330-1350/ton for PP fibre and HDPE film, $1350-1370/ton for PPBC inj., at $1460-1480/ton for PPRC inj., at $1400-1420/ton for LLDPE film, $1430-1450/ton for LDPE film, at $1360-1380/ton for HDPE b/m, at $1400/ton for HDPE pipe (PE 100), all on CIF Egypt, 90 days deferred payment basis.

A trader receiving new May PP and PE offers from the Saudi producer said that they are expecting discounts on deals given poor market conditions.

A manufacturer also commented, “Prices are too high and lower deals are anticipated as demand is still below average although it has started to improve recently.”
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