Saudi Polymer Producer Announces Further Price Increases for November

A leading Saudi Arabian polymer producer has raised its domestic PP and PE prices for November, marking the second consecutive month of upward adjustments across its product range. However, the latest increases were notably more moderate than those announced in October for most PP grades. PE prices registered stronger gains, with LLDPE film recording the largest increase.

PP Increases Moderate, While PE Gains Remain Strong

For polypropylene, homo-PP raffia and injection prices rose by SAR118/ton ($31/ton) compared with October. Homo-PP film and fibre increased by SAR106/ton ($28/ton), while PPBC injection prices gained SAR104/ton ($28/ton). PPRC injection saw the smallest adjustment, increasing by SAR82/ton ($22/ton). Overall, PP hikes slowed considerably compared with the previous month.

Polyethylene prices moved up more significantly. LLDPE film prices climbed by SAR507/ton ($135/ton), the largest increase across the producer’s portfolio. HDPE film prices rose by SAR308/ton ($82/ton), while HDPE injection and blow-moulding grades increased by SAR306/ton ($82/ton) and SAR303/ton ($81/ton), respectively. LDPE film prices were raised by SAR244/ton ($65/ton).

Limited Buying Interest Keeps Trading Subdued

A local market source confirmed that the producer continues to supply the domestic market, although availability remains restricted for certain grades. The source added that November’s increases were largely anticipated, but weak buying interest continues to limit market activity.

With upstream prices fluctuating and demand below average, buyers are prioritizing immediate needs instead of building inventories. Market participants are also monitoring incoming deliveries to determine whether supply conditions will improve in the coming days.

November Price Offers

The producer’s latest prices are listed below on an FD Jeddah, cash, excluding VAT basis:

Homo-PP Raffia & Injection
- Current Price: SAR5,316/ton ($1,416/ton)
- Previous Price: SAR5,198/ton
- Increase: SAR118/ton ($31/ton)

LDPE Film
- Current Price: SAR5,743/ton ($1,530/ton)
- Previous Price: SAR5,499/ton
- Increase: SAR244/ton ($65/ton)

LLDPE Film
- Current Price: SAR5,016/ton ($1,337/ton)
- Previous Price: SAR4,509/ton
- Increase: SAR507/ton ($135/ton)

HDPE Film
- Current Price: SAR4,879/ton ($1,300/ton)
- Previous Price: SAR4,571/ton
- Increase: SAR308/ton ($82/ton)

HDPE Injection
- Current Price: SAR4,959/ton ($1,321/ton)
- Previous Price: SAR4,653/ton
- Increase: SAR306/ton ($82/ton)

HDPE Blow Moulding
- Current Price: SAR5,080/ton ($1,354/ton)
- Previous Price: SAR4,777/ton
- Increase: SAR303/ton ($81/ton)

Stay ahead of market trends with the Credco app. For any queries, please reach out via WhatsApp at +91 8448083211.