News Code : 43440

Petrotahlil :

China PE prices extend gains on supply 

cuts from S. Arabia 

• PE prices stable to up for second week 

• Early-week spike in oil supports sellers’ hands 

• Local polyolefin supplies remain low 

• LLDPE futures rise 2.8% since early week• Sentiment cools off a bit 

as oil pares some earlier gains 

• Eyes on allocations from Saudi Arabia 

• Mid-Eastern PE ($/ton): HDPE film 860-910 | LDPE film 890-940 | 

LLDPE film 840-850 CIF 

 

SEA PE rebounds from 10-year low, players question sustainability 

• Most sellers withhold offers after Aramco attacks 

• Prices notionally increase, particularly for Saudi origins 

• Supply concerns boost sentiment early week 

• But overall PE supplies remain ample, players note 

• Sharply fluctuating oil futures blur the outlook 

• Mid-Eastern PE ($/ton): HDPE film 920-950 | LDPE film 910-950 | 

LLDPE film 820-880 CIF 

• US PE ($/ton): HDPE film 860-870 | LDPE film 850-870 | LLDPE film 

820-850 CIF

 

Turkey’s PE market faces stormy week 

with cautiously firmer price talks 

• Market shaken by Monday’s oil jump after Aramco attacks 

• Upstream costs spike before seeing correction later in week 

• Mid-East PE sellers halt offers, Petkim raises LDPE 

• Buyers skeptical about possible hike attempts 

• China cautiously strong amid lower domestic stocks, volatile oil 

• US ($/ton): LDPE 925-935 | LLDPE 870-880 | HDPE film 840-860 

CIF 

• Mid-East ($/ton): LDPE 920-930 | LLDPE 880-900 | HDPE film 880- 

900 CIF 

• Local ($/ton): LDPE 1250-1330 | LLDPE 1190-1220 | HDPE film 

1200-1240 inc VAT

 

Sept PE deals wrap stable to soft in Mid- East 

• PE markets feel pressure of attack on Saudi oil facilities 

• Deals concluded in Lebanon with 3 digit decreases 

• Market turns cautious after Saudi suppliers announce 

production cuts 

• However, operation rates recently seen improving 

• October outlook blurry 

• Local PE in S.Arabia ($/ton) : LDPE 980-1000 | LLDPE 960-970 | 

HDPE 950-1000 FD 

• Import PE in UAE ($/ton): LDPE 980-1000 | LLDPE 960-970 | HDPE 960$ CIF

 

Italian players discuss October PE 

outlook 

• More Sept deals closed €40 lower 

• Buyers limit their purchases amid weak demand 

• Drone attacks at Saudi Aramco cause uncertainties on PE outlook 

• Players closely monitor feedstock movements 

• Early Oct expectations call for a stable to firmer trend 

• Local spot (€/ton): LDPE film 950-1030 | LLDPE film 950-1020 | 

HDPE film, b/m 980-1080 FD

 

Demand to set direction of Oct PE market 

in Europe 

• Sept deals continue to be settled €40 lower 

• Players start to discuss Oct outlook 

• Rising energy complex might support an uptrend in Oct 

• Buyers skeptical about possible hikes on weak fundamentals 

• Local spot (€/ton): LDPE film 960-1050| LLDPE film 950-1040 | 

HDPE film, b/m 980-1100 FD | HDPE inj. 970-1080 FD

 

Sentiment in Egypt's PE market starts 

heating up on Saudi oil field attack 

• Early surge in energy costs stir some demand 

• Yet, activities remain below-par overall 

• Both markets look for direction amid uncertain environment 

• Import PE ($/ton): LDPE 920-980 | LLDPE 850-880 | HDPE 900-990 

CIF

 

African PE markets see fresh round of 

drops for September 

• Moroccan markets witness €50-60 decreases 

• Saudi producers cut offers to Algeria amid low demand 

• Decreases of more than $100 heard in Kenya 

• Nigerian ELEME’s offers NGN15,000-20,000 lower from August 

• Ample supply, lower costs support PE downturn 

• Imports in Algeria ($/ton): HDPE 1000 | LDPE 1040-1050 | LLDPE 

1000-1010 CIF 

• Imports in Kenya ($/ton): HDPE 960-1050 | LDPE900-1050 | LLDPE 

850-980 CFR

Follow us on twitter @petrotahlil 

Source:Chemorbis

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