Middle Eastern markets start 2016 on a weaker note
Players operating in the Middle Eastern markets received decreases on January PP and PE offers and now many report that they have received adjustments on those initial offers for the month...
A major Saudi Arabian producer issued decreases in their own local market while the producer’s new prices indicate SAR150-188/ton ($40-80/ton) decreases for PE and SAR263/ton ($70/ton) drops for PP on an FD Jeddah, Saudi Arabia, cash basis.