Saudi major plans to announce higher PE, PP prices to China
by ChemOrbis Editorial Team - content@chemorbis.com
An agent of a major Saudi Arabian producer reported that their supplier is planning to announce their February PP and PE prices to China with increases from January.
“The producer will issue their new offers with increases of at least $10-20/ton. We attribute their hike intention to the fact that they received better demand from Chinese buyers in January,” commented the agent.
The producer could not be reached at the time of press for confirmation.
According to their agent, the producer’s latest January prices stand at $1350-1370/ton for LDPE film, $1170-1180/ton for LLDPE film and $1160/ton for HDPE film, at $1100/ton for homo-PP raffia and at $1150/ton for PPBC injection, all on a CIF China, cash basis.
“The producer will issue their new offers with increases of at least $10-20/ton. We attribute their hike intention to the fact that they received better demand from Chinese buyers in January,” commented the agent.
The producer could not be reached at the time of press for confirmation.
According to their agent, the producer’s latest January prices stand at $1350-1370/ton for LDPE film, $1170-1180/ton for LLDPE film and $1160/ton for HDPE film, at $1100/ton for homo-PP raffia and at $1150/ton for PPBC injection, all on a CIF China, cash basis.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation
- Slump deepens in European plastics recycling industry
- SE Asia’s PPH regains premium over China after 3 weeks
- Stats: China rapidly expands its share in SE Asia’s PP markets
- Vietnam’s import PE prices rebound over 2 weeks; but demand struggles persist
- Geopolitics set back trading activities in Middle East
