Egypt’s ETHYDCO issues November LLDPE, HDPE prices

A source from Egypt’s second PE producer, the Egyptian Ethylene and Derivatives Company (ETHYDCO) reported that they announced their new November LLDPE prices with EGP1600-1900/ton ($180-214/ton) increases from October.

The producer is currently offering at EGP17000/ton ($1914/ton) for LLDPE film grades on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.

Meanwhile, ETHYDCO started to give offers for HDPE grades again. The producer’s new list prices for HDPE offers stand at EGP16500/ton ($1644/ton) for HDPE film and at EGP16700-17250/ton ($1664-1719/ton) for HDPE pipe (PE 80 and PE 100) with the same terms.

“We increased our offers to keep up with the firming trend in the market. Our cargoes are seeing good demand and our export business is good as well. Operations are going smoothly at our plant and we shifted the production at our second line into HDPE film again starting from this month. However, we are planning to shift the production again by the middle of this month. We are yet to decide to which grade we will shift the line though. We have produced some HDPE 80 and HDPE 100, but we have not begun commercial production for these grades yet as we are waiting to test them and receive feedback from our customers," added the source.