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Egypt’s E-Styrenics reveals Oct GPPS prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 12/10/2016 (14:50)
In Egypt, local PS producer E-Styrenics revealed their new October prices with rollovers from September levels. The producer’s GPPS offers remained unchanged at EGP14045-14510/ton on an ex-works Dekheila, cash basis. Meanwhile, the producer’s offers on dollar terms are also steady at $1505-1555/ton with the same terms.

Last month, a source from the company had reported that they started to give offers on an EGP equivalent basis along with their dollar based offers in order to support and help the market players amid the dollar parity issues and difficulties in opening letters of credit.

“Our materials are seeing better demand since we started to offer on EGP basis and our exports are also going well. Currently, SIDPEC is transacting export business on behalf of our company. Our plant is running at 80% capacity now and we are making our deliveries smoothly,” added the source.
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