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South African players: Local producer sees better demand

by ChemOrbis Editorial Team -
  • 25/11/2015 (11:55)
In South Africa, a trader reported that the market state is cloudy for November. According to him, import sales are very weak given the depreciation of the local currency, the rand, against the US dollar. For November, the trader said that they received PP raffia and injection offers from a major Saudi Arabian producer at $1150/ton on CIF Durban, South Africa, 90 days basis. “The import market is sluggish, but the local producer Sasol has been experiencing good sales during November due to the talks of an approaching shutdown at their plant in December. Ahead of the shutdown, buyers are mostly trying to meet their needs from the producer,” commented the trader.

Meanwhile, a converter confirmed that they prefer to make purchases from the local producer Sasol. “Demand is slowing down ahead of the upcoming year-end holidays and the depreciation of the rand is pushing players away from the import market,” he added.
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