The hottest Saudi Arabia foundation lifted the for

2022-10-14
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Saudi Arabia foundation lifted the force majeure, the European LDPE price fell

on Tuesday, the European LDPE price fell by 5 euros (6.7 dollars) compared with last week, and FD northwest Europe quoted 1335 euros/ton. The reason is that Saudi Basic Industries announced that its LDPE plant in Wiltshire in the northeast of the United Kingdom was relieved of supply force majeure against the background of low demand and low raw material prices

due to sufficient supply, low costs and weak demand, LD on the whole, PE prices have been falling steadily since July 10. On July 10, the quotation of FD in northwest Europe hit a nine month high of 1392.50 euros/ton

a buyer said that SABIC sent a letter to the customer, saying that its LDPE plant had been relieved of force majeure on Monday. The news has not been confirmed by Saudi Basic. At the beginning of July, the company's LDPE device suffered restart failure after regular maintenance, so it announced force majeure

on Tuesday, the CIF quotation of naphtha in northwest Europe fell to US $864/ton, the lowest level since five consecutive trading days. Brent crude oil replaced the transformer or rewound the transformer on Wednesday morning; The futures trading price is 102 The effective use of sanitary characteristics was $93/barrel, the lowest level in four months

"FD northwest Europe spot price is about 1340 euros/ton, but no one buys this price." One buyer said

"the supply of materials in the market is too large, and the demand is relatively insufficient." A trader said

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