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Saudi producers reflect recovering oil prices to local Jan offers

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/01/2017 (16:13)
According to some players in Saudi Arabia, two producers announced their new January offers with some increases in line with the recovery in the oil markets through the end of the last year.

A trader said that a Saudi producer raised its homo PP raffia and injection offers by SAR113/ton ($30/ton), HDPE film and blow moulding offers by SAR19/ton ($5/ton) from December while maintaining its LLDPE film offers unchanged at last month’s levels. Accordingly, the producers’ new January offers are currently standing at SAR3863/ton ($1029/ton) for raffia and inj., at SAR4163/ton ($1109/ton) for LLDPE c4 film, at SAR4144/ton ($1104/ton) for HDPE film and at SAR4182/ton ($1114/ton) for blow moulding, all on an FD Jeddah, Saudi Arabia, cash basis.

Another trader also said that a Saudi major revealed their new offers with hikes except for HDPE grades, which remained stable at December offers. The producer raised its January prices by SAR113/ton ($30/ton) for PP raffia, inj., fibre and film, by SAR75/ton ($20/ton) for PPRC inj. and by SAR37/ton ($10/ton) for LDPE film from the previous month.

The producer’s new offers are reported at SAR3863/ton ($1029/ton) for homo-PP raffia and injection, at SAR3976/ton ($1059/ton) for homo-PP film and fibre, at SAR4163/ton ($1109/ton) for HDPE film, at SAR4275/ton ($1139/ton) for HDPE blow moulding, at SAR4500/ton ($1199/ton) for LDPE film, at SAR4163/ton ($1109/ton) for LLDPE c4 film and at SAR4350/ton ($1159/ton) for HDPE injection with the same terms.
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