Major Saudi Arabia announced PP, PE prices to SEA market

A major Saudi Arabia producer has announced April shipment offer for PP and PE to Southeast Asia market this morning with $150-170/t increased for PP and $100-110/t increased for PE compared to last month. Currently, the producer’s prices are standing at $1220-1230/t for HDPE film, $1250/t for LLDPE film, $1060-1080/t for homo-PP yarn, $1150/t for PP block copolymer and at $1080-1100/t for BOPP, all based on CIF SEA, LC AS term.

Source from the producer informed, “Our LLDPE line recently encountered some minor technical issue and might remain offline for at least a week, therefore, we are not having much cargoes for this grade. Demand for LLDPE film across the region is relatively healthy, however, we are a bit concern about the outlook for HDPE.”

Kindly visit the Daily Price section for the latest import and local prices to/in China and Southeast Asia market.