US PE offered higher for Aug in South Africa
by ChemOrbis Editorial Team - content@chemorbis.com
In South Africa, a trader reported giving new PE offers for US origin with increases of $40/ton from July. Accordingly, the trader’s new US PE offers are reported at $1180-1200/ton for HDPE film, at $1180-1220/ton for LLDPE film and at $1260-1280/ton for LDPE film, on CFR Durban, 90 days deferred payment basis.
“We raised our offers in line with the globally firming trend. One of the major problems in South Africa is now the parity fluctuations as the rand continues to depreciate against the US dollar, which is hindering the import activity. Meanwhile, the local producer, Sasol, has rolled over their offers for August and supplies are good for all grades," commented the trader.
“We raised our offers in line with the globally firming trend. One of the major problems in South Africa is now the parity fluctuations as the rand continues to depreciate against the US dollar, which is hindering the import activity. Meanwhile, the local producer, Sasol, has rolled over their offers for August and supplies are good for all grades," commented the trader.
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