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Tunisian buyer: European PP prices too high to purchase

by ChemOrbis Editorial Team -
  • 08/04/2015 (14:53)
In Tunisia, an injection products converter reported receiving firmer April offers both from Saudi and South European producers. According to him, they received €200/ton and €130/ton higher Saudi Arabian LLDPE injection and HDPE blow moulding offers at €1280/ton and €1250/ton, respectively, on CIF Tunisia, 90 days deferred payment basis. Meanwhile, they also obtained South European PP random copolymer injection with €280-285/ton hikes at €1500/ton with the same terms.

“Given the very tight supplies in Europe due to the force majeures and shutdowns in that region, the offer levels are too high for us to make purchases. Meanwhile, we see good demand regarding our end products and we run our plant at full rates. However, we hold sufficient stocks and we are therefore not rushing to make fresh purchases,” he commented.
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