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Egypt’s E-Styrenics resumes production, returns with July PS offers

by ChemOrbis Editorial Team -
  • 19/07/2017 (16:00)
According to a source close to Egypt’s local PS producer, E-Styrenics announced its new offers for July shipments at $1380/ton for GPPS on an ex-works Dekhelia, cash basis.

This has been the producer’s second price announcements so far this year after the one in May as the supplier had been experiencing production issues since late December 2016.

“We are resuming our operations at the plant. We are planning to reach the full capacity gradually. We are not exporting this month and we will only sell to the local market. We will be trying to figure out our customers’ reaction to our new prices since demand isn’t performing well due to the unfavorable economic situation.”
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