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Saudi producer announces June PP, PE prices to SEA: trader

by ChemOrbis Editorial Team -
  • 25/05/2015 (14:30)
According to a Vietnamese trader, a Saudi Arabian producer has announced their new June prices to the Southeast Asian markets with rollovers for PE and with reductions for PP when compared to their May offer levels.

The producer reportedly maintained their LLDPE and HDPE film prices at $1430/ton on a CIF SEA, cash basis. They reduced their prices by $10-20/ton for homo-PP and by $30/ton for PP block copolymer, bringing their new June offers to $1360-1380/ton for PP raffia and injection and to $1410/ton for PPBC with the same terms.

The trader commented, “We found the producer’s new prices to be quite high and market players are likely to wait to hear new prices from other suppliers before deciding on their June purchases.”
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