Saudi suppliers reveal September PP, PE offers to N. Africa
by ChemOrbis Editorial Team - content@chemorbis.com
Players in North Africa report that they started receiving new PP and PE prices for September from Saudi suppliers with rollovers to decreases.
A converter operating in Tunisia reported receiving new PE prices from a major Saudi producer with rollovers to €20/ton decreases over August at €1120/ton for PP inj. raffia, €1030/ton for LLDPE c4 film, €1050/ton for LDPE film, and at €1160/ton for HDPE film on CIF Tunisia, 90 days deferred payment basis.
“Demand is very limited and our purchases have been hindered by the unfavorable foreign exchange rates. We believe that lower deals are achievable," noted the converter.
A trader operating in Morocco reported receiving €10-40/ton discounts from another Saudi producer. The producer’s latest offers now stand at €1110/ton for PP inj. and raffia, €1125/ton for PP fibre, €1040/ton for LDPE film, €1110/ton for HDPE film and b/m, and €1300/ton for HDPE pipe (100) black, all on a CIF Casablanca, Morocco, 90 days basis.
As for Algeria, the Saudi major announced its new offers for September with rollovers from its initial August levels at $1350/ton for PP raffia and inj., $1390/ton for PP film, $1520/ton for PPBC inj., $1200/ton for LLDPE c4 film, $1290/ton for LDPE film, and $1330/ton for HDPE film, all on a CIF Algeria, 90 days basis.
Meanwhile, a trader operating in Algeria reported that two different Saudi producers announced new PPRC and PPBC inj., and LDPE film offers respectively at $1400/ton, $1390/ton, and $1280/ton on CIF Algeria, 90 days.
The trader also reported receiving LDPE film offers from a Middle Eastern supplier at $1260/ton and reported adequate supplies in the market. “Demand has started improve after the Eid holiday; however, the overall buying interest remains disappointing," added the trader.
A converter operating in Tunisia reported receiving new PE prices from a major Saudi producer with rollovers to €20/ton decreases over August at €1120/ton for PP inj. raffia, €1030/ton for LLDPE c4 film, €1050/ton for LDPE film, and at €1160/ton for HDPE film on CIF Tunisia, 90 days deferred payment basis.
“Demand is very limited and our purchases have been hindered by the unfavorable foreign exchange rates. We believe that lower deals are achievable," noted the converter.
A trader operating in Morocco reported receiving €10-40/ton discounts from another Saudi producer. The producer’s latest offers now stand at €1110/ton for PP inj. and raffia, €1125/ton for PP fibre, €1040/ton for LDPE film, €1110/ton for HDPE film and b/m, and €1300/ton for HDPE pipe (100) black, all on a CIF Casablanca, Morocco, 90 days basis.
As for Algeria, the Saudi major announced its new offers for September with rollovers from its initial August levels at $1350/ton for PP raffia and inj., $1390/ton for PP film, $1520/ton for PPBC inj., $1200/ton for LLDPE c4 film, $1290/ton for LDPE film, and $1330/ton for HDPE film, all on a CIF Algeria, 90 days basis.
Meanwhile, a trader operating in Algeria reported that two different Saudi producers announced new PPRC and PPBC inj., and LDPE film offers respectively at $1400/ton, $1390/ton, and $1280/ton on CIF Algeria, 90 days.
The trader also reported receiving LDPE film offers from a Middle Eastern supplier at $1260/ton and reported adequate supplies in the market. “Demand has started improve after the Eid holiday; however, the overall buying interest remains disappointing," added the trader.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Upcoming holidays, COVID spike pressure PS in Asia
- Shortage pushes Europe’s ABS markets to multi-year highs
- Longest-ever rally staggers in Turkey’s PVC market
- Upstream keeps China PET afloat; prices hit 11-month high
- Import PVC uptrend loses momentum in Asia; is the 9-month rally coming to an end?
- Tightness brings further price hikes in African PP, PE markets
- European PP hits new highs after 3-digit hikes for January
- Turkey’s PP, PE markets open 2021 with supply-driven hikes
- Vietnam’s local homo-PP market retreats for 3rd week on subdued demand
- China’s PE demand wavers amid controls on environmental pollution and electricity use
