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Saudi major issues January PE hikes to South Africa

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/01/2018 (10:57)
In South Africa, a trader reported receiving a Saudi major’s January PE offers with increases of $30/ton, complying with its pricing policy in other African markets. This was despite the fact that market participants have not fully come back to their desks following holidays.

The Saudi major’s prices currently stand at $1300/ton for LDPE film, $1280/ton for LLDPE c4 film and at $1260/ton for HDPE film, all on CFR Durban, 90 days deferred payment basis.

The source commented, “Supplies in the distribution channel are tight due to the ongoing production issues and disrupted deliveries from Sasol. LLDPE supplies are severely affected. We expect the firming trend to remain in place in the upcoming months.”
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