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Egypt’s ETHYDCO reveals August PE prices

by ChemOrbis Editorial Team -
  • 02/08/2016 (16:12)
A source from Egypt’s second PE producer, the Egyptian Ethylene and Derivatives Company (ETHYDCO), reported that they announced their August PE prices to the local market with increases from their most recent July levels.

The producer elected to raise their local LLDPE film prices by EGP800/ton ($90/ton), bringing their new offers to EGP14600/ton ($1643/ton) on an ex-Alexandria, cash not including VAT basis. The official exchange rate is used for US dollar calculations.

The source stated, “The market is gaining ground on the back of the rising USD parity while demand is better for local products than imports given ongoing parity issues which hinder import activity significantly. We receive good response from our customers and we are planning to start exports soon.”

As for their operations, the source reported that their LLDPE/HDPE swing line is currently operating smoothly, adding that they are yet to determine a date for shifting the production line from LLDPE to HDPE.

“Meanwhile, we started test runs at our second line which is designed to producer HDPE grades only. However, the launch date is still unclear as we are still testing it,” he stated.
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