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South African distributor receives Mid-Eastern PE for December

by ChemOrbis Editorial Team -
  • 02/12/2014 (13:49)
A distributor operating in Durban, South Africa reported receiving new December Middle Eastern PE offers from two different producers while adding that the new prices indicate $20/ton decreases for LDPE film and $40/ton decreases for HDPE and LLDPE c4 film.

The distributor received LDPE film at $1580/ton, HDPE film at $1570-1580/ton and LLDPE c4 film at $1590/ton on a CIF Durban South Africa, 90 days deferred payment basis.

“We received the abovementioned prices but we have not received any HDPE blow moulding or injection offers from a major Saudi Arabian producer yet. Plus, the producer appears adamant to maintain their new offer levels for the rest of the month. Meanwhile, the local producer Sasol’s LDPE and LLDPE supplies are reported to be more comfortable than November, but they are still not deemed to be ample. The producer’s January prices are also said to be 6% lower in the market than November,” he added. The local producer Sasol generally offers a month ahead of time to the local market.
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