Saudi major unveils November PP, PE offers to local market

In Saudi Arabia, a major local producer announced its fresh November PP and PE offers to the market with rollovers to slight up or down changes as compared to October price list.

Accordingly, the producer’s new PE offers indicate rollovers to up to SAR113/ton ($30/ton) decreases from October whereas PPH raffia and inj. prices are stable to SAR34/ton ($9/ton) higher on a monthly comparison.

A local distributor stated that new offers met previous projections amid thin market movements.

The new offers are as follows (all on FD Jeddah, cash excluding VAT basis):

HDPE film: SAR4013/ton ($1068/ton)
HDPE blow: SAR4200/ton ($1118/ton)
LDPE film: SAR4463/ton ($1188/ton)
HDPE inj.: SAR4050/ton ($1078/ton)
LLDPE film: SAR3975/ton ($1058/ton)
Homo-PP raffia and inj.: SAR3349/ton ($892/ton)