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Egypt’s E-Styrenics announces February GPPS prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/02/2016 (15:44)
In Egypt, the local PS producer E-Styrenics announced their new February prices with $50/ton decreases from January at $1250-1300/ton on an ex-works Dekhelia, cash basis.

A source from the producer commented, “Given the fact that our prices were already above the market levels, we elected to lower our GPPS prices for February despite the recent upward movements on styrene costs. However, we continue to see weak demand even after our price cut. Our plant is still shut and under the current market conditions we have no immediate restart plans. We continue to offer from our existing stocks.”
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