Egypt’s E-Styrenics shuts PS plant
A source from the company noted, “Demand has been improving and we receive an increasing number of inquiries on the back of the stabilizing crude oil prices. Lack of Asian suppliers in the import market during the Chinese New Year holiday also created better demand for our cargoes. However, at the moment, our stock levels are very comfortable and we first want to melt our existing cargoes before carrying on producing more. Once our stock levels starts to dwindle, we will restart our plant again.”
The source has not mentioned a date for the restart.
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