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Mideast polymer may bottom out as latest price cuts stir buying

Focus Mideast PE, PP may bottom out as latest price cuts stir buying

Focus article by Muhamad Fadhil

DUBAI (ICIS)--Polymer prices in the Middle East may bottom out in the coming weeks, with the latest round of reduced offers managing to stir up some buying activities in the market, industry sources said on Friday.

Offers for February cargoes in the UAE declined by at least $100/tonne from January, while those in the domestic Saudi Arabian market were reduced by $150-200/tonne from the previous month, they said.

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MIDDLE EAST / AFRICA

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