Egypt’s EIPET confirms market talk regarding deliveries
by ChemOrbis Editorial Team - content@chemorbis.com
In Egypt, a source from the local PET producer EIPET confirmed market talk that they are not to deliver any new cargoes to their customers until April as they are fully booked until then.
“We are sold out until April, when our second line will be operational. For the upcoming term, we will be focusing on delivering our previously placed orders and we will not be taking any fresh orders as we are fully booked. We see improving demand in line with globally better buying interest. We believe China will support the PET market once its players return from the New Year holiday, which will start on February 18 and last for a week,” added the source.
“We are sold out until April, when our second line will be operational. For the upcoming term, we will be focusing on delivering our previously placed orders and we will not be taking any fresh orders as we are fully booked. We see improving demand in line with globally better buying interest. We believe China will support the PET market once its players return from the New Year holiday, which will start on February 18 and last for a week,” added the source.
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