Saudi Major Announces April PP, PE Offers with Price Hikes

A major Saudi producer has released its April polypropylene (PP) and polyethylene (PE) offers with notable month-over-month increases. PE prices saw a modest rise of $10/ton, while PP prices surged by $38/ton amid continued supply tightness and limited spot availability for most PP grades.

The revised offers, on an FD Jeddah, cash basis (excluding VAT), are as follows:

HDPE film: $1090/ton

HDPE blow: $1140/ton

LDPE film: $1250/ton

HDPE injection: $1110/ton

LLDPE film: $1080/ton

Homo-PP raffia & injection: $938/ton

Despite below-average demand, tight supply remains a key driver. Additionally, Saudi Arabia is expected to lift re-export restrictions on PP within 2–3 months, prompting price adjustments to phase out subsidies.

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