Egypt’s E-Styrenics announces Dec GPPS offers
by ChemOrbis Editorial Team - content@chemorbis.com
According to a source close to Egypt’s local PS producer, E-Styrenics announced its new offers for December with considerable decreases from last month in line with the bearish market sentiment.
E-Styrenics cut its USD-denominated prices by $130/ton from November and cut its Egyptian pound-denominated offers by EGP2362/ton ($132/ton with the recent parity) for GPPS injection, bringing its prices to $1350/ton and EGP24,138/ton ($1348/ton), respectively, on an ex-works Dekhelia, cash basis.
The source stated that they opted for larger decreases for December in a bid to cope with the bearish global markets.
E-Styrenics cut its USD-denominated prices by $130/ton from November and cut its Egyptian pound-denominated offers by EGP2362/ton ($132/ton with the recent parity) for GPPS injection, bringing its prices to $1350/ton and EGP24,138/ton ($1348/ton), respectively, on an ex-works Dekhelia, cash basis.
The source stated that they opted for larger decreases for December in a bid to cope with the bearish global markets.
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