Saudi major reveals December PP, PE offers to local market
by ChemOrbis Editorial Team - content@chemorbis.com
In Saudi Arabia, a major local producer announced its fresh December PP and PE offers to the market with rollovers to rangebound changes as compared to November price list, marking the second consecutive month of minor price changes amid weak derivative demand, as players put it.
Accordingly, the producer’s new PE offers indicate SAR37-38/ton ($10/ton) decreases for HDPE b/m and HDPE film, SAR37/ton ($10/ton) increases for LDPE film and rollovers for LLDPE film and HDPE inj grades from November. Meanwhile, new PPH offers indicate SAR26/ton ($10/ton) increases on a monthly comparison.
According to a local source, supplies from the producer are not very ample, especially LD film and LLDPE film yet, demand is muted, and players are barely placing inquiries which has been also the case during November. “The producer is trying to preserve PP prices against the re-export activities from subsidized local manufacturers hence kept them upbeat this month too,” he opined.
The new offers are as follows (all on FD Jeddah, cash excluding VAT basis):
HDPE film: SAR3975/ton ($1058/ton)
HDPE blow: SAR4163/ton ($1108/ton)
LDPE film: SAR4500/ton ($1198/ton)
HDPE inj.: SAR4050/ton ($1078/ton)
LLDPE film: SAR3975/ton ($1058/ton)
Homo-PP raffia and inj.: SAR3375/ton ($899/ton)
Accordingly, the producer’s new PE offers indicate SAR37-38/ton ($10/ton) decreases for HDPE b/m and HDPE film, SAR37/ton ($10/ton) increases for LDPE film and rollovers for LLDPE film and HDPE inj grades from November. Meanwhile, new PPH offers indicate SAR26/ton ($10/ton) increases on a monthly comparison.
According to a local source, supplies from the producer are not very ample, especially LD film and LLDPE film yet, demand is muted, and players are barely placing inquiries which has been also the case during November. “The producer is trying to preserve PP prices against the re-export activities from subsidized local manufacturers hence kept them upbeat this month too,” he opined.
The new offers are as follows (all on FD Jeddah, cash excluding VAT basis):
HDPE film: SAR3975/ton ($1058/ton)
HDPE blow: SAR4163/ton ($1108/ton)
LDPE film: SAR4500/ton ($1198/ton)
HDPE inj.: SAR4050/ton ($1078/ton)
LLDPE film: SAR3975/ton ($1058/ton)
Homo-PP raffia and inj.: SAR3375/ton ($899/ton)
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- March hints at further hikes in European PP, PE markets
- India’s PVC market dips to new lows on Taiwan’s March cuts, players seek signs of bottom
- Q1 turnarounds uplift Mid-East PP, PE markets in February; will it spill over to March?
- SE Asia’s indefinite PE shutdowns: A market in crisis as demand woes threaten survival
- Türkiye’s PPH markets perform better than copolymers in February
- Margin recovery priorities outweigh supply imbalances in European PVC markets
- Asian PVC demand stagnant; recovery hopes shift to end of Q1
- Tough slog in S Korea’s petchem industry spells disappointing 2024 financial results; will government's recent plan help weather the storm?
- China’s PP, PE markets face post-holiday supply surge and tepid demand
- A tug-of-war unfolds in Türkiye as PVC demand struggles against rising costs
