UAE’s PP and PE markets see price hikes in February after three months of stability

Players in the United Arab Emirates received February PP and PE offers with increases over previous months. The prices increased by $30-60/ton after three months of rollovers. On the local front, prices for locally-held cargoes initially showed up with higher prices but later retreated to January levels due to buyers’ resistance.

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

HDPE film: $1050-1060

HDPE blow molding and inj.: $1050-1060/ton

LDPE film: $1180-1220/ton

Homo-PP raffia and inj.: $1070-1080/ton

Homo-PP film: $1100-1110/ton

In the meantime, locally PP offers are at $1040-1070/ton for PPH raffia and inj., and $1080-1100/ton for PPBC, on a FD Dubai, cash basis.