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Saudi producer reveals new Jan PP, PE prices to SEA

by ChemOrbis Editorial Team -
  • 22/12/2014 (13:52)
A Saudi Arabian producer announced their new January PP and PE prices to the Southeast Asian markets with significant decreases of $260-270/ton for HDPE, $270-290/ton for LLDPE, $270/ton for homo-PP and $260/ton for BOPP.

The producer’s new prices are standing at $1230/ton for PP block copolymer, at $1150/ton for homo-PP raffia and injection, at $1170/ton for BOPP, at $1180-1200/ton for LLDPE film and at $1210-1220/ton for HDPE film, all on a CIF SEA, cash basis.

A source from the producer stated, “We are offering our regular allocation to Southeast Asia for January. When compared to PE, PP prices are facing more pressure owing to ample propylene supplies in Asia. We are not feeling optimistic regarding the near term outlook despite the recent gains in crude oil prices.”
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