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Saudi producer cuts LDPE, PP prices to China

by ChemOrbis Editorial Team -
  • 18/11/2014 (13:36)
A source from a Saudi Arabian producer reported that they reduced their LDPE and PP prices to China owing to stagnant demand. The producer cut their PP raffia and injection prices by $40/ton to $1450/ton CFR China, cash while they lowered their LDPE film prices by $60/ton to $1470/ton with the same terms.

The source stated, “Buying interest remains disappointing and we are not feeling optimistic regarding the near-term outlook as buyers are still expecting to see further decreases. We hope that demand will improve next month.”

In China, import LDPE film prices are currently reported at $1450-1480/ton CFR China, cash equivalent basis while import PP raffia prices are at $1360-1540/ton with the same terms.
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