Egypt’s ETHYDCO issues Jan HDPE prices, halts LLDPE deliveries
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 January offers for HDPE grades. The producer raised its HDPE offers by EGP2700/ton ($149/ton) from December.
The producer is currently offering at EGP21,700/ton for ($1033/ton) for HDPE film, at EGP21,500/ton ($1023/ton) for HDPE blow moulding and at EGP19,500/ton ($928/ton) for HDPE injection , all on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
"We had to increase our offers in order to cope with the stronger dollar parity. Buyers still prefer to meet their needs locally due to the halted import activities. This month, we are delivering HDPE film, b/m and inj. grades to the market and our deliveries are going normally. However, our LLDPE line is currently producing HDPE inj. and we will not be delivering any LLDPE cargoes as we have no stock left," reported the source.
The producer is currently offering at EGP21,700/ton for ($1033/ton) for HDPE film, at EGP21,500/ton ($1023/ton) for HDPE blow moulding and at EGP19,500/ton ($928/ton) for HDPE injection , all on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
"We had to increase our offers in order to cope with the stronger dollar parity. Buyers still prefer to meet their needs locally due to the halted import activities. This month, we are delivering HDPE film, b/m and inj. grades to the market and our deliveries are going normally. However, our LLDPE line is currently producing HDPE inj. and we will not be delivering any LLDPE cargoes as we have no stock left," reported the source.
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