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Tunisian trader: European PP prices come down

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/01/2015 (14:47)
A trader operating in Tunisia reported that Northwest European PP offers softened by €50/ton when compared to December. The trader received January PP raffia and injection prices from Europe at €1060/ton on CIF Tunisia, 90 days deferred payment basis.

“We received European offers, but we are yet to receive new January prices from Middle Eastern producers. In general, market players anticipate decreases from the Middle Eastern sources as well in line with the globally decreasing trend. Following the official results of the presidential elections in December, the market is likely to regain some stability, which may result in better trading activity. Last month, Middle Eastern producers adopted a more flexible pricing policy and they adjusted their prices in line with the falling trend,” The trader reported.
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