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Saudi producers announce June PE, PP prices to Southeast Asia

by ChemOrbis Editorial Team -
  • 25/05/2017 (10:11)
Players in Southeast Asia reported that they received June PE offers from several Middle Eastern producers with decreases from May levels.

A Vietnamese trader reported that a Saudi Arabian producer cut its PE offers by $50/ton for HDPE and by $60/ton for LLDPE on a monthly basis to $1130/ton for HDPE film and to $1140-1150/ton for LLDPE film, all on CIF Vietnam, cash basis.

A Singaporean trader also reported that a Saudi producer lowered its offers by $30/ton for both PP and PE when compared to May. Accordingly, the Saudi producer’s new offers are standing at $1140/ton for HDPE film, at $1160/ton for LLDPE film and at $1070/ton for homo-PP raffia, all on CIF Indonesia, cash basis.
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