UAE’s local and import PP, PE markets extend slide in July
by ChemOrbis Editorial Team - content@chemorbis.com
Players in the United Arab Emirates reported receiving new July offers with decreases compared to the latest June offers in line with the globally bearish sentiment.
Import PP, PE offers surfaced with $50/ton decreases when compared to the latest deals reported in June. Buyers noted that they are shying away from import purchases given the constant decreases. July offers are currently assessed $1060-1070/ton for LDPE, $920-950/ton for LLDPE, $930-950/ton for HDPE film, $980-1000/ton for HDPE b/m and inj., $1050-1070/ton for PPBC, $940-960/ton for PPH raffia and inj. and $980-990/ton for PPH film and fibre., all on a CIF Dubai, 90 days basis.
On a related note, July offers from the country’s local PP producer, Borouge, emerged with $70/ton reductions from their latest June offers. Offers are now standing at $970-980/ton for PPBC, $910-940/ton for PPH raffia and inj., on a FD Dubai, cash basis.
Import PP, PE offers surfaced with $50/ton decreases when compared to the latest deals reported in June. Buyers noted that they are shying away from import purchases given the constant decreases. July offers are currently assessed $1060-1070/ton for LDPE, $920-950/ton for LLDPE, $930-950/ton for HDPE film, $980-1000/ton for HDPE b/m and inj., $1050-1070/ton for PPBC, $940-960/ton for PPH raffia and inj. and $980-990/ton for PPH film and fibre., all on a CIF Dubai, 90 days basis.
On a related note, July offers from the country’s local PP producer, Borouge, emerged with $70/ton reductions from their latest June offers. Offers are now standing at $970-980/ton for PPBC, $910-940/ton for PPH raffia and inj., on a FD Dubai, cash basis.
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