March PP, PE offers remain bullish in Kenya, buyers resist
by ChemOrbis Editorial Team - content@chemorbis.com
Players in Kenya reported receiving March import PP and PE offers with increases for the third month in a row. Offers were assessed $10-30/ton higher compared to February levels, hitting their highest levels since May 2023 and June 2023 respectively.
According to market sources, ongoing supply constraints from regular suppliers continued to push prices higher in Kenya, nevertheless, trading activities remain hammered amidst thin downstream demand. “The sustainability of hikes remains under discussion considering the resistance toward current upper ends and the already slack demand given Ramadan lull,” a local source opined.
The new offers are as follows (all on CFR Mombassa, 90 days basis):
HDPE film: $1060-1080/ton
HDPE b/m-inj: $1060-1080/ton
LDPE film: $1150-1170/ton
LLDPE film: $1050-1070/ton
Homo-PP raffia and inj.: $1090-1120/ton
PPH film-fibre: $1130-1160/ton
According to market sources, ongoing supply constraints from regular suppliers continued to push prices higher in Kenya, nevertheless, trading activities remain hammered amidst thin downstream demand. “The sustainability of hikes remains under discussion considering the resistance toward current upper ends and the already slack demand given Ramadan lull,” a local source opined.
The new offers are as follows (all on CFR Mombassa, 90 days basis):
HDPE film: $1060-1080/ton
HDPE b/m-inj: $1060-1080/ton
LDPE film: $1150-1170/ton
LLDPE film: $1050-1070/ton
Homo-PP raffia and inj.: $1090-1120/ton
PPH film-fibre: $1130-1160/ton
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