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Chemicals/Dyes
PP prices shoot up in ME
Textiles
PP prices shoot up in ME
06 Jul '06
1 min read
Limited supply, growing demand and soaring feedstock costs are likely to cause price hike in polypropylene in the Middle East (ME).
Sabic
and
Petrochemical Industries
Co (Kuwait) were pricing raffia and injection grade at $1300/ton for Middle East countries.
Saudi based Tasnee Petrochemical was offering the same grades at $1300/ton for Middle East countries and $1320/ton for Syria, Lebanon, and Iran.
There is limited quota of propylene feedstock in the Middle East, currently according to industry sources.
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