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Trader: Saudi major announces Dec LLDPE prices to Jordan

by ChemOrbis Editorial Team -
  • 07/12/2015 (14:06)
A trader operating in Amman, Jordan reported that a major Saudi Arabian producer announced their December LLDPE prices to the country with a decrease from last month. According to the trader, the producer reduced their LLDPE film prices by $40/ton, bringing their new offers to $1310/ton on a CIP Amman, 90 days deferred payment basis.

The trader commented, “Buyers are not willing to purchase beyond their immediate needs despite the recent decreases as they believe that PE prices still have room for additional reductions in the coming days. Demand is globally weak while crude oil prices remain on a softening path. Hence, we are still cautious on our purchases.”
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