Saudi Arabia Dec PE prices plunge on crude, Asia market losses

摘要

SINGAPORE (ICIS)--Domestic polyethylene (PE) prices in Saudi Arabia have slumped, tracking losses in the Asian market following recent slump in upstream crude values. Offers from a major producer for low density PE (LDPE) film general purpose lots have emerged at an equivalent of $1,020/tonne DEL (delivered) Saudi Arabia for cash purchases, down $100/tonne from November.