Saudi major unveils July PP, PE offers to local market

A leading Saudi polymer producer has announced fresh price reductions for July, extending the downward trend seen in recent months. The latest revisions include deeper cuts for both PP and PE grades as global polymer markets continue to face pressure from lower crude oil prices, improving supply availability, and weak downstream demand.

PP prices were reduced by around SAR 339-344/ton from June levels, while PE grades saw even larger declines. Among all products, LDPE film recorded the steepest month-on-month reduction. Market participants noted that easing geopolitical concerns, softer feedstock costs, and comfortable supply conditions have encouraged suppliers to adopt a more aggressive pricing strategy.

Despite the lower offers, buying activity remains limited. Many converters are continuing to purchase only for immediate requirements, expecting the market to remain under pressure in the near term.

July PP & PE Prices (FD Jeddah, Cash, Excluding VAT)

Homo PP Raffia & Injection

Current Price: SAR 4,945/ton
Previous Price: SAR 5,284/ton
Monthly Change: ▼ SAR 339/ton

LDPE Film

Current Price: SAR 4,609/ton
Previous Price: SAR 5,771/ton
Monthly Change: ▼ SAR 1,162/ton

LLDPE Film

Current Price: SAR 4,006/ton
Previous Price: SAR 4,697/ton
Monthly Change: ▼ SAR 691/ton

HDPE Film

Current Price: SAR 4,269/ton
Previous Price: SAR 4,914/ton
Monthly Change: ▼ SAR 645/ton

HDPE Injection

Current Price: SAR 4,350/ton
Previous Price: SAR 4,996/ton
Monthly Change: ▼ SAR 646/ton

HDPE Blow Molding

Current Price: SAR 4,471/ton
Previous Price: SAR 5,119/ton
Monthly Change: ▼ SAR 648/ton

The prices are quoted on an FD Jeddah, cash basis, excluding VAT.

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