Saudi major reveals December PP, PE offers to Tunisia
by ChemOrbis Editorial Team - content@chemorbis.com
Players in Tunisia reported that new PP and PE prices from a major Saudi Arabian producer mostly emerged with decreases from its latest levels. The lower levels were attributed to the year-end lull and bearish trend across the region.
The Saudi major’s PP offers were steady to €20/ton softer while the producer’s PE offers indicated decreases ranging from €20/ton to €60/ton. The recent levels were reported at €1100/ton for PP inj. and raffia, €1010/ton for LLDPE c4 film, €1030/ton for LDPE film, €1100/ton for HDPE inj., and €1080-1100/ton for HDPE film on CIF Tunisia, 90 days deferred payment basis.
"PP prices are still considered high and we expect sellers to accept lower bids, considering the weak state of demand in line with the sluggish end business," commented a source.
The Saudi major’s PP offers were steady to €20/ton softer while the producer’s PE offers indicated decreases ranging from €20/ton to €60/ton. The recent levels were reported at €1100/ton for PP inj. and raffia, €1010/ton for LLDPE c4 film, €1030/ton for LDPE film, €1100/ton for HDPE inj., and €1080-1100/ton for HDPE film on CIF Tunisia, 90 days deferred payment basis.
"PP prices are still considered high and we expect sellers to accept lower bids, considering the weak state of demand in line with the sluggish end business," commented a source.
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