Egypt’s E-Styrenics issues Dec GPPS offers, operations still halted
by ChemOrbis Editorial Team - content@chemorbis.com
In Egypt, local PS producer E-Styrenics revealed their new December prices with rollovers from November levels.
A source from the producer reported that their December PS prices remain stable at $1200-1220/ton for GPPS injection on an ex-works Dekhelia, cash basis. The source also reported that they stopped giving offers on EGP basis due to the fluctuating parity.
“We have stopped offering on EGP basis due to the unstable dollar parity which is changing our costs on a daily basis and we elected to offer on dollar basis only. Our plant is still shut and we are delivering from our stocks to the market. However, we have resumed our export business as of this week and demand is good,” added the producer source.
A source from the producer reported that their December PS prices remain stable at $1200-1220/ton for GPPS injection on an ex-works Dekhelia, cash basis. The source also reported that they stopped giving offers on EGP basis due to the fluctuating parity.
“We have stopped offering on EGP basis due to the unstable dollar parity which is changing our costs on a daily basis and we elected to offer on dollar basis only. Our plant is still shut and we are delivering from our stocks to the market. However, we have resumed our export business as of this week and demand is good,” added the producer source.
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