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African PE prices stable as sources await September direction

LONDON (ICIS)--Polyethylene (PE) prices in Africa are stable, following a modest upturn in pricing earlier this month, sources said on Tuesday.

“Demand has been slow, but August business is now done, and we have closed our books,” said a producer.

Most PE prices have increased by $10-20/tonne in August, but demand has been affected by holidays.

“We expect good volumes in September,” said the producer. “It’s a big month, and buyers will be back after holidays to prepare for end-year orders.

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MIDDLE EAST / AFRICA

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