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South African producers reveal February PE prices

by ChemOrbis Editorial Team -
  • 26/01/2015 (17:54)
In South Africa, a distributor reported receiving new February PE offers from the local producers Sasol Polymers and Safripol (Pty) Ltd. The distributor, who obtained lower offer levels, commented, “The local producers’ prices indicate decreases while we are also waiting to hear a major Saudi Arabian producer’s new offer levels. We anticipate decreases from the Saudi producer in line with the global trend. Plus, crude oil prices are still weak and no one knows if there will be a recovery soon. This uncertainty is pushing buyers away from the market.”

According to the distributor, producers’ prices indicate decreases of ZAR1750-2700/ton ($153-236/ton) and stand at ZAR 16050/ton ($1218/ton without VAT) for LDPE film, at ZAR16350/ton ($1241/ton without VAT) for LLDPE c4 film and at ZAR16850/ton ($1279/ton without VAT) for HDPE film on an FD Johannesburg, South Africa, cash inc 14% VAT on 45 days deferred payment basis.
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