Saudi major seeks hikes for Oct PP, PE offers in Tunisia
by ChemOrbis Editorial Team - content@chemorbis.com
Applying the same pricing strategy for October across the Middle East and Africa, a Saudi major approached the market with its new PP and PE offers in Tunisia, players reported.
A manufacturer reported receiving new offers from the producer with €20/ton increases for PP raffia and injection at €1050/ton and €10/ton increases for PP block copolymer injection at €1130/ton CIF Tunis, 90 days deferred payment.
The buyer received new LDPE and HDPE film offers with €30/ton increases and LLDPE film offers with €20/ton increases, respectively at €1190/ton, €1070-1080/ton and €1070/ton with the same terms. Larger hikes were applied on HDPE injection and pipe as they were up by €60/ton for HDPE injection to €1120/ton and €70/ton for HDPE pipe 100 to €1220/ton, with the same terms.
The buyer commented, “We were expecting these increases given the globally firming trend. However, demand is below average for our end products. We are waiting to see if discounts could be achieved by the end of the negotiations.”
A manufacturer reported receiving new offers from the producer with €20/ton increases for PP raffia and injection at €1050/ton and €10/ton increases for PP block copolymer injection at €1130/ton CIF Tunis, 90 days deferred payment.
The buyer received new LDPE and HDPE film offers with €30/ton increases and LLDPE film offers with €20/ton increases, respectively at €1190/ton, €1070-1080/ton and €1070/ton with the same terms. Larger hikes were applied on HDPE injection and pipe as they were up by €60/ton for HDPE injection to €1120/ton and €70/ton for HDPE pipe 100 to €1220/ton, with the same terms.
The buyer commented, “We were expecting these increases given the globally firming trend. However, demand is below average for our end products. We are waiting to see if discounts could be achieved by the end of the negotiations.”
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
