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NewsSSESSMENTS: Saudi Producer Faces Inventory Pressure On PP Block Copolymer, Attractive Offer Level Surfaced In China

Author: SSESSMENTS

As SSESSMENTS.COM noted, a Saudi producer is facing inventory pressure on PP Block Copolymer, hence, offering to China market at an attractive level. This week, offers for PP Block Copolymer from one of the Saudi producers surfaced at only $10/ton higher than PP Homo Raffia offers, available at $930/ton. Compared to offers for PP Block Copolymer from the leading Saudi polyolefins producer, this producer’s offers are $90/ton lower. The leading polyolefins producer offers the same product at $1,120/ton this week, edged down by $10/ton from two weeks ago. All offers on LC at sight, CIF China main port basis.

As for other PP grades, offers for PP Homo Raffia from the leading Saudi polyolefins producer increased by $30/ton, while for PP Random Copolymer dipped down by $20/ton as compared to two weeks ago. Furthermore, import offers across all grades of PE from the producer are slightly increased by $10/ton as compared to last week. The source also informed SSESSMENTS.COM that September shipment offers for PP Homo Raffia from the leading Indian petrochemical producer is available at $910/ton on LC at sight, CIF China main port basis.

Import PE, PP offers on LC at sight, CIF China Main Port basis

OriginProductTransaction TypeOffers (USD/ton)
SaudiHDPE FilmOffer Received900-930
SaudiLDPE FilmOffer Received950
SaudiLLDPE Film C4Offer Received830-840
SaudiPP Block CopolymerOffer Received930-1,120
SaudiPP Homo RaffiaOffer Received920-1,060
IndiaPP Homo RaffiaOffer Received910*
SaudiPP Random Copolymer ExtrusionOffer Received1,160
Description: *September shipment

Tags: Asia Pacific,China,English,ISC,India,Middle East,NEA,News,PE,PP,Saudi Arabia

Published on July 2, 2020 12:25 PM (GMT+8)
Last Updated on July 2, 2020 12:25 PM (GMT+8)