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Tunisian buyer: lower PP, PE deals expected

by ChemOrbis Editorial Team -
  • 10/02/2016 (16:40)
A plastic converter operating in Tunisia reported receiving new February PP and PE prices from a major Saudi Arabian producer with decreases from January. The buyer said that they feel confident that additional discounts are likely on purchases because demand remains sluggish in Tunisia. “Plus, supply levels are comfortable and most buyers continue to purchase on a hand-to-mouth basis. On top of that, we are not seeing any bullish signals in the general global picture.”

The buyer received Saudi PP raffia and injection at €970/ton, PPBC injection at €980/ton, HDPE Pipe (PE100) at €1180/ton, HDPE injection at €1120/ton and LDPE film at €1070/ton on a CIF Tunis, Tunisia, 90 days deferred payment basis.
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