Saudi major reveals Nov PP, PE prices to Egypt
by ChemOrbis Editorial Team - content@chemorbis.com
A plastic end product manufacturer operating in Egypt reported receiving November PP and PE offers from a major Saudi producer with rollovers from October for another month, except for its HDPE pipe (PE100) offers which are showing declines from its latest September levels.
“The producer rolled over their prices for five months in a row. The new announcement came in line with expectations as players think that the market is not ready to absorb any increases given the muted market activities amidst the increasing dollar parity and the problematic opening of LCs,” commented the source.
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, 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.
The producer’s new HDPE pipe (PE 100) offers, meanwhile, stand at $1290/ton with the same terms.
“The producer rolled over their prices for five months in a row. The new announcement came in line with expectations as players think that the market is not ready to absorb any increases given the muted market activities amidst the increasing dollar parity and the problematic opening of LCs,” commented the source.
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, 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.
The producer’s new HDPE pipe (PE 100) offers, meanwhile, stand at $1290/ton with the same terms.
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