Middle East PP and PE market: prices unlikely to change
January 13/2012
(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 USD
0.76 (EUR 0.61) per MMBtu. Values for Saudi propane gas demonstrate a downward
surge.
PE producers will broaden the boarders of their resin market on profitable
prices.
