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Saudi producers announce Nov PP, PE offers in Algeria

by ChemOrbis Editorial Team -
  • 07/11/2018 (09:27)
Players in Algeria reported that Saudi Arabian producers’ new PP and PE prices were announced with rollovers to decreases compared to October, largely in line with the market expectations amid weak buying sentiment.

A distributor reported that a Saudi major has cut its PP and PE offers by $20/ton from the previous month, bringing them to $1150/ton for LLDPE c4 film, $1230/ton for LDPE film, $1300/ton for PP inj., raffia and HDPE film, all on a CIF Algeria, 90 days deferred payment basis.

The distributor also reported receiving new prices from a different Saudi producer with rollovers from October at $1150/ton for LLDPE c4 film, $1220/ton for LDPE film and $1290/ton for HDPE film, with the same terms.

“The new offers came in line with our previous expectations amid stumbling demand and the year-end period," he stated, adding that they are waiting for other producers to reveal their offers before engaging in any new deals.
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