05 October 2012 05:29 [Source: ICIS news]
SINGAPORE (ICIS)--A shortage of truck drivers has increased land transport rates from United Arab Emirates (UAE) to ?xml:namespace>
The cost of trucks lifting from UAE to Jordan for polyethylene (PE) and polypropylene (PP) resins are typically priced at $60.00-70.00/tonne (€46.20-53.90/tonne), but the shortage of drivers resulted in land transport costs to surge to as high as $145/tonne, they said.
Most truck drivers for this UAE-Jordan route are Syrians, market sources said.
“We do not know why there is a sudden disappearance of these drivers, but this is really pushing up the offers for resins,” a Jordanian trader said.
“The political crisis in
Late on 4 October, offers for high density PE (HDPE) film were at $1,490-1,550/tonne
“The jump in land freights is just part of the many bullish factors driving resins prices up,” a separate GCC-based polyolefins maker said.
Most players said they are not clear how long this shortage of drivers will last.
“We are really unsure whether our parcels will reach on time, so we just have to keep buying to maintain our supply chain,” a Jordanian converter said.
($1 = €0.77)
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