UAE’s import PP, PE markets stabilize in June, local PP remains steady for 3rd month
by ChemOrbis Editorial Team - content@chemorbis.com
Players in the United Arab of Emirates received June PP and PE offers from regional suppliers on a mostly steady note from May levels except for LDPE, which was steady to $30/ton higher.
June levels are reported at $1100-1150/ton for LDPE, $970-1010/ton for LLDPE, $970-990/ton for HDPE film, $1000-1020/ton for HDPE b/m and inj., $1030-1060/ton for PPBC, $980-1000/ton for PPH raffia and inj., $1020-1140/ton for PPH fibre., $1020-1160/ton for PPH film, all on CIF Dubai, 90 days basis.
In the local market, offers were steady for the third successive month at $960-970/ton for PPBC, $900-930/ton for PPH raffia and inj., on a FD Dubai, cash basis.
Buyers noted that trading activity has started to gradually retreat in line with the approaching holidays.
June levels are reported at $1100-1150/ton for LDPE, $970-1010/ton for LLDPE, $970-990/ton for HDPE film, $1000-1020/ton for HDPE b/m and inj., $1030-1060/ton for PPBC, $980-1000/ton for PPH raffia and inj., $1020-1140/ton for PPH fibre., $1020-1160/ton for PPH film, all on CIF Dubai, 90 days basis.
In the local market, offers were steady for the third successive month at $960-970/ton for PPBC, $900-930/ton for PPH raffia and inj., on a FD Dubai, cash basis.
Buyers noted that trading activity has started to gradually retreat in line with the approaching holidays.
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