Pakistan PE and PP market swoon following the crashes in US crude oil prices, a trader told SSESSMENTS.COM. As reported, the Pakistan market becomes totally sluggish as the impact of the crashes in US crude oil prices on April 20. This week, the trader still received import PE and PP offers from several producers. From the United Arab Emirates, the offers for HDPE Film cargoes stand between $30-40/ton higher than the last done deal level on April 15. While offers for HDPE Film of Malaysia origin are available at $720/ton. For LDPE Film, cargoes of Middle East origin are available at $850/ton. Last Friday, April 17, Middle Eastern LLDPE Film C4 cargoes were available at $770/ton. All offers on LC at sight, CFR Karachi Port. At the time of publication, no deals concluded for the PE cargoes yet.
For PP, import offers for PP Homo Injection of Malaysia origin are currently available at $820/ton. While for PP Homo Fiber, this week the trader purchased cargoes of Saudi origin from another trader at $890-900/ton. More added to SSESSMENTS.COM, offer for import PP Homo Film from Saudi origin is heard at $1,000/ton. All offers on LC at sight, CFR Karachi Port.
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