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Egypt’s E-Styrenics reveals May GPPS prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/05/2016 (17:51)
In Egypt, local PS producer E-Styrenics issued their new May GPPS prices with $120/ton increases from April at $1370-1420/ton on an ex-works Dekhelia, cash basis. The low end of the offer range is offered for inquiries above 504 tons and the high end of the range is offered for inquiries below 504 tons.

A source from the producer commented, “Our PS plant is still shut and we continue to deliver from our existing stocks. However, we are planning to restart our plant at the end of May. Overall demand in the market is still thin. PS prices are globally decreasing and market players are very cautious towards their fresh purchases.”

Previously, E-Styrenics had confirmed signing a contract with a UK based company, New Perspective, for the supply of styrene monomer. E-Styrenics has kept its plant shut since April 2015 due to styrene monomer constraints.

New Perspective is to supply E-Styrenics with roughly 100,000 tons of styrene and the British company will have the marketing rights for E-Styrencis’ production for both export and local markets.
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