“We have not decided yet as to whether or not we make fresh purchases from the import market as we already have some stocks. We may decide on our next step once other Middle Eastern suppliers also reveal their June prices,” said a converter in Egypt.
In East Africa, Kenyan buyers reported receiving June offers from the Saudi major with rollovers for PE while the decrease size of PP was much larger at $60/ton on a monthly basis. A regional buyer said, “The persistent heavy rainy season has weighed down on demand and hampered the business activities while supplies are comfortable. Accordingly, PP and PE prices are on the weak side.”