Oman's ORPIC settles Nov PP-homo CP at $1,500/mt FD UAE, down $40/mt from Oct

Oman Oil Refineries and Petroleum Industries Company, or ORPIC, has settled its November Middle East contract price for polypropylene-homo at $1,500/mt FD UAE, down $40/mt from October sources close to the negotiations said Monday.

This follows the settlement of November contract price for PP-homo by SABIC at $1,520/mt FD UAE, down $30/mt from October.

ORPIC produces 350,000 mt/year of PP at its Sohar, Oman based plant.