December PP, PE sellers concede to slack demand in UAE

Players in the United Arab Emirates had initially received December PP and PE offers with mostly rollovers when compared to November levels. According to market participants, weak market dynamics amidst slack demand and sufficient supplies coupled with year-end lull have resulted in $20-30/ton discounts on deals despite sellers’ rollovers trials.

The current offers are as follows (all on CIF Dubai, 90 days deferred payment basis):

HDPE film: $990-1010/ton

HDPE blow molding and inj.: $1020-1030/ton

LDPE film: $1110-1120/ton

LLDPE film: $990-1010/ton

Homo-PP raffia and inj.: $1010-1020/ton

Homo-PP film: $1050-1060/ton

PPBC inj.: $1060-1090/ton

On a related note, locally held PP offers remained unchanged this month too at $1010-1040/ton for PPH raffia and inj., and $1050-1070/ton for PPBC, on a FD Dubai, cash basis.