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Saudi major lifts PP, PE offers to Kenya

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/03/2017 (09:11)
In Kenya, a Saudi major issued an increases of 130/ton on its new homo PP offers to the country while its new PE offers are indicating $50-110/ton increases from February.

A manufacturer receiving the major’s new offers said that new prices are standing at $1200/ton for homo PP raffia and injection, at 1350/ton for LLDPE film, at $1400/ton for LDPE film, at $1300/ton for HDPE film and at $1320/ton for HDPE b/m, all on a CFR Mombasa, Kenya, 90 days basis. The buyer also reported that they were able to achieve a discount of $40/ton for HDPE b/m from the initial offers, making some purchases at $1280/ton with the same terms.

The converter said that demand remains disappointing as buyers are only securing their immediate needs given their weak end sales; however, they expect demand to improve as of May given the preparations for the summer season.
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