Initial Mid-Eastern May PP, PE prices surface in Mediterrenean
Players in Egypt and Turkey are waiting to hear fresh May offers from Middle Eastern suppliers while a few suppliers revealed their new prices this week.
In Egypt, a Saudi Arabian major issued their new PP and PE prices with hike requests from their last April levels as was already foreseen. The supplier is seeking $120/ton hikes for homo PP and increases of $100/ton for PP copolymer cargos. Meanwhile, the seller revealed $60/ton increases for PE with respect to their last April price.