Saudi Producer Softens August Polymer Price Cuts as Market Finds Stability

A leading polymer producer in Saudi Arabia has announced its domestic PP and PE prices for August, continuing the price correction that began in June. However, the latest reductions are significantly smaller than those seen in July, indicating that the prolonged downward trend is starting to slow. Among all PE grades, LDPE film stood out as the only product to register a monthly increase after recording the sharpest decline during the previous month.

Since the market correction started in June, domestic HDPE prices have dropped by around 21–22%, while LLDPE film has declined by nearly 15% since entering the downtrend in July. PPH film and fibre grades have also lost approximately 15% over the same period.

Market participants also noted that the producer did not publish August prices for Homo-PP raffia and Homo-PP injection grades. Traders attributed this to limited product availability and lower allocations for these grades during the month.

The producer's revised August prices are valid on an FD Jeddah, cash basis (excluding VAT).

August Domestic Price Update

LDPE Film
Current Price: SAR 4,767/ton ($1,270/ton)
Monthly Change: ▲ SAR 158/ton

LLDPE Film
Current Price: SAR 3,985/ton ($1,061/ton)
Monthly Change: ▼ SAR 21/ton

HDPE Film
Current Price: SAR 4,031/ton ($1,074/ton)
Monthly Change: ▼ SAR 238/ton

HDPE Injection
Current Price: SAR 4,112/ton ($1,095/ton)
Monthly Change: ▼ SAR 238/ton

HDPE Blow Molding
Current Price: SAR 4,233/ton ($1,127/ton)
Monthly Change: ▼ SAR 238/ton

Homo-PP Raffia & Injection
August Price: Not Announced
Market Status: Limited allocations reported for the month.

The latest announcement suggests that while producers are still adjusting prices lower, the pace of declines is easing. Market participants will now watch demand conditions and upcoming regional offers to determine whether the market is nearing a price floor.

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