South African player receives January PE prices
by ChemOrbis Editorial Team - content@chemorbis.com
In South Africa, a trader reported receiving new January offers from both a major Saudi Arabian producer and the local producer Sasol.
The trader received Saudi HDPE film at $1350/ton, LLDPE film at $1420/ton and LDPE film at $1460/ton on a CFR South Africa, 90 days deferred payment basis. According to him, the new prices indicate $170-220/ton decreases from the producer’s December levels. These January levels also represent around $120-230/ton decreases when compared with the overall Middle Eastern range reported in December.
Meanwhile, the trader also received Sasol’s offers for LDPE film at ZAR17800/ton ($1324/ton without VAT), LLDPE film at ZAR19050/ton ($1416/ton without VAT) and HDPE film at ZAR19500/ton ($1450/ton without VAT) on an FD Johannesburg, South Africa, 45 days deferred payment basis including 14% VAT.
The trader remarked, “Sasol’s decrease amount comes around $80/ton while overall supply levels appear to be adequate for all PE products. Meanwhile, the large gap between the Saudi producer’s HDPE and LLDPE film prices can be attributed to their rather limited LLDPE film supplies compared with their HDPE film supplies. Nowadays, players are slowly returning to their desks, although not many of them have fully resumed their operations yet. Therefore, buying interest remains sluggish. On another note, softer price expectations prevail for February, but prices are expected to rebound as of March."
The trader received Saudi HDPE film at $1350/ton, LLDPE film at $1420/ton and LDPE film at $1460/ton on a CFR South Africa, 90 days deferred payment basis. According to him, the new prices indicate $170-220/ton decreases from the producer’s December levels. These January levels also represent around $120-230/ton decreases when compared with the overall Middle Eastern range reported in December.
Meanwhile, the trader also received Sasol’s offers for LDPE film at ZAR17800/ton ($1324/ton without VAT), LLDPE film at ZAR19050/ton ($1416/ton without VAT) and HDPE film at ZAR19500/ton ($1450/ton without VAT) on an FD Johannesburg, South Africa, 45 days deferred payment basis including 14% VAT.
The trader remarked, “Sasol’s decrease amount comes around $80/ton while overall supply levels appear to be adequate for all PE products. Meanwhile, the large gap between the Saudi producer’s HDPE and LLDPE film prices can be attributed to their rather limited LLDPE film supplies compared with their HDPE film supplies. Nowadays, players are slowly returning to their desks, although not many of them have fully resumed their operations yet. Therefore, buying interest remains sluggish. On another note, softer price expectations prevail for February, but prices are expected to rebound as of March."
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- 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
- January trend takes shape in Egypt’s PP, PE markets
- Stats: Turkey’s 2020 polymer imports set to beat the 2017 record
- China PP, PE markets close 2020 on a soft note; SE Asia feels pressure
- Stats: China’s total PE imports down for 2nd month in November
- Egypt PET markets poised to end the year on a strong note
- China ABS prices move below SEA after 8 months
- Sentiment in Turkey’s PP, PE markets defies faltering in China
