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Saudi trader: Polymer demand is high

by ChemOrbis Editorial Team - content@chemorbis.com
  • 17/02/2015 (14:41)
In Saudi Arabia, a trader reported that one of the local producers is roughly offering at around the same levels as another major Saudi producer. “The producer’s new February prices are around $70/ton lower for PP, but they are facing a shutdown at two of their homo-PP production lines while holding very limited PP block copolymer injection availability,” he added.

According to the trader, two other local Saudi producers are also experiencing shutdowns at their PP lines and therefore, overall availability is very limited in the country’s PP market. “Apart from the supply issues, overall buying interest is very good. Players started to think that prices have hit the bottom and are likely to rebound over the near term. Plus, the majority of producers have stopped offering to the market and they are just meeting their previous obligations. These producers, thinking that prices will see an upward revision in March, are refraining from giving fresh offers,” he added.
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