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Egypt’s ETHYDCO issues October LLDPE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/10/2016 (16:43)
A source from Egypt’s second PE producer, the Egyptian Ethylene and Derivatives Company (ETHYDCO) reported that they announced their new October LLDPE film prices with rollovers to EGP300/ton ($34/ton) higher from September.

The producer is currently offering at EGP15100-15400/ton ($1701-1735/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 MDPE grades. The producer’s new October MDPE film offers stand at EGP14700/ton ($1656/ton) with the same terms.

“We issued some increases on our October offers in line with the firming trend in the local market. Our cargoes are also seeing good demand from local customers. Local prices have witnessed some increases due to tight availability and recent increase on the VAT rates. In addition, high exchange rates are still hindering import activities. Our first line smoothly continues to produce LLDPE film grades and we shifted to produce MDPE grades at our second line, but we are yet to start our commercial production. We are planning to shift HDPE pipe (PE80) production, however we have not scheduled a date for this transition. Currently, our exports are performing well too,” commented the source.
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