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Saudi major issues October PE, PP prices to Egypt

by ChemOrbis Editorial Team -
  • 29/09/2016 (18:04)
A plastic end product manufacturer operating in Egypt reported receiving October PP and PE offers from a major Saudi producer with rollovers from September.

“The producer’s new price announcement was in line with our expectations as buying activity is still poor in the import market given ongoing financial issues. We will wait to hear new October prices from other Middle Eastern producers before making any new purchases,” commented the converter.

The converter reported that the Saudi major offers HDPE film, LLDPE film and LDPE film at $1210/ton, HDPE blow moulding at $1240/ton, HDPE injection at $1260/ton, HDPE pipe (PE 100) at $1300-1340/ton, homo-PP raffia and injection at $1050/ton, homo-PP film and fibre at $1080/ton, PPBC injection at $1210/ton, PPRC injection at $1310/ton, PPRC pipe (Type 3) at $1390/ton, all on CIF Suez, 90 days deferred payment basis.
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