Saudi major reveals Nov PP, PE offers to local market
by ChemOrbis Editorial Team - content@chemorbis.com
According to the regional distributors, a Saudi major has announced its new November PP and PE offers to its own local market with rollovers for PP and slight decreases for PE from October.
According to sellers’ reports, the producer issued rollovers for homo PP grades and PPBC inj. while applying slight decreases of SAR38/ton ($10/ton) for LDPE, LLDPE and HDPE grades.
The major’s PE offers are standing at SAR4387/ton ($1170/ton) for HDPE film and LLDPE c4 film, at SAR4762/ton ($1270/ton) for LDPE film, at SAR4650/ton ($1240/ton) for LLDPE c4 inj., at SAR4500/ton ($1200/ton) for HDPE b/m and at SAR4462/ton ($1190/ton) for HDPE inj. while the producer’s PP offers remained at SAR4275/ton ($1140/ton) for PP raffia and inj. and at SAR4950/ton ($1320/ton) for PPBC inj., all on an FD Jeddah, Saudi Arabia, cash basis.
“Demand is stagnant whereas supplies are adequate. We are waiting for the rest of the local suppliers to reveal their November offers,” reported distributors in the region.
According to sellers’ reports, the producer issued rollovers for homo PP grades and PPBC inj. while applying slight decreases of SAR38/ton ($10/ton) for LDPE, LLDPE and HDPE grades.
The major’s PE offers are standing at SAR4387/ton ($1170/ton) for HDPE film and LLDPE c4 film, at SAR4762/ton ($1270/ton) for LDPE film, at SAR4650/ton ($1240/ton) for LLDPE c4 inj., at SAR4500/ton ($1200/ton) for HDPE b/m and at SAR4462/ton ($1190/ton) for HDPE inj. while the producer’s PP offers remained at SAR4275/ton ($1140/ton) for PP raffia and inj. and at SAR4950/ton ($1320/ton) for PPBC inj., all on an FD Jeddah, Saudi Arabia, cash basis.
“Demand is stagnant whereas supplies are adequate. We are waiting for the rest of the local suppliers to reveal their November offers,” reported distributors in the region.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Saudi PP, PE markets reverse course in Feb after 8 months, maintenance schedule busy in Mid-East
- Freight carriers aim to manage supply-demand balance by blanking more sailings
- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
