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Middle East PP and PE prices unlikely to change

January 10/2012

(chemmonitor) -- Polyethylene (PE) and polypropylene (PP) markets in the Middle East will witness good margins due to firm values for a raw material this year. Meanwhile, PP and PE costs may be permanent with a tendency to decrease on the back of poor consumption.

In Saudi Arabia prices for ethane gas are stable. They are negotiated at USD0,76 (EUR0,61) per MMBtu. Values for Saudi propane gas demonstrate a downward surge.

PE producers will broaden the boarders of their resin market on profitable prices.

Tags:PP, PE.
Category:General News
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