Egypt’s ETHYDCO issues December LLDPE, HDPE prices
by ChemOrbis Editorial Team - content@chemorbis.com
A source from Egypt’s second PE producer, the Egyptian Ethylene and Derivatives Company (ETHYDCO) reported that they announced their new December prices for LLDPE film c4 and HDPE grades.
The producer raised its offers by EGP3000/ton ($166/ton) for LLDPE c4 film, by EGP2500/ton ($138/ton) for HDPE film and by EGP3250/ton ($180/ton) for HDPE pipe (PE100) from November.
The producer is currently offering at EGP20,000/ton ($1116/ton) for LLDPE c4 film, at EGP19,000/ton for ($938/ton) for HDPE film and at EGP17,250/ton ($852/ton) for HDPE pipe (PE 100), all on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
"Operations are going smoothly at our plant. Our first line continues to produce LLDPE film while the second line is currently producing HDPE film. We have sufficient stocks to deliver to the market smoothly. For PE 100 grade, we received good feedback from our customers and we have started delivering to the market as of the beginning of this month," commented the source.
The producer raised its offers by EGP3000/ton ($166/ton) for LLDPE c4 film, by EGP2500/ton ($138/ton) for HDPE film and by EGP3250/ton ($180/ton) for HDPE pipe (PE100) from November.
The producer is currently offering at EGP20,000/ton ($1116/ton) for LLDPE c4 film, at EGP19,000/ton for ($938/ton) for HDPE film and at EGP17,250/ton ($852/ton) for HDPE pipe (PE 100), all on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
"Operations are going smoothly at our plant. Our first line continues to produce LLDPE film while the second line is currently producing HDPE film. We have sufficient stocks to deliver to the market smoothly. For PE 100 grade, we received good feedback from our customers and we have started delivering to the market as of the beginning of this month," commented the source.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
- European PP, PE markets open 2023 with renewed drops
- Tight supply keeps expectations bullish in Turkey’s PVC market
- End of China’s ‘zero-COVID’ stance: Double-edged sword for Asia PVC, PP and PE markets
