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South African PE markets see hikes in January

by ChemOrbis Editorial Team -
  • 11/01/2021 (14:10)
Supply tightness pushed PE prices in South Africa further upwards in January. Offers for Saudi HDPE film and LLDPE C4 film increased by $20-30/ton and $50/ton respectively while LDPE film offers surged by $130-140/ton from December.

These changes brought the latest levels to $1180-1200/ton for HDPE film, $1440-1460/ton for LDPE film and $1130-1150/ton for LLDPE C4 film, all on CIF, cash basis.

“Allocations are limited and several sellers refrained from offering this month. Market discussions focus on a continued tightness for February, but we expect to see US materials next month. This might help balance the supply,” a trader based in Durban commented.
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