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Trader: Saudi producer announces April PP, PE prices to China

by ChemOrbis Editorial Team -
  • 01/04/2015 (17:47)
A trader based in Xiamen reported that a Saudi Arabian producer has announced their new PP and PE prices for April to China with increases from March. According to the trader, the producer’s new offers stand at $1300-1320/ton for LLDPE and HDPE film and at $1300/ton for homo-PP raffia and injection, all on a CFR China, cash basis.

The trader commented, “We found the producer’s new levels to be too high. However, buyers may have to accept these new prices eventually in the face of limited availability, which is supporting sellers. Trading activities are not encouraging in China as buyers are mostly taking a cautious stance while we feel that Southeast Asian markets have not much space left to absorb additional re-export cargoes from China.”

In China, overall import PE prices are currently reported at $1300-1340/ton for LDPE film and at $1280-1320/ton for LLDPE and HDPE film, all on a CFR China, cash equivalent basis. For PP, homo-PP raffia and injection prices currently stand at around $1225-1300/ton with the same terms.
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