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Egypt’s ETHYDCO reveals June PE offers

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/06/2017 (15:03)
A source from one of Egypt’s PE producers, the Egyptian Ethylene and Derivatives Company (ETHYDCO), said that the producer revealed their new PE offers with rollovers to decreases for June. The producer rolled over its prices for HDPE film and b/m while they applied decreases of EGP300/ton ($17/ton) and of EGP1000/ton ($55/ton) on their new LLDPE c4 film and HDPE injection prices respectively when compared to their latest May levels.

Accordingly, the producer’s recent offers are currently standing at EGP23,200/ton ($1282/ton) for LLDPE film, EGP22,000/ton ($1216/ton) for HDPE film, and at EGP21,500/ton ($1188/ton) for b/m and at EGP21,000/ton ($1160/ton) for injection, all on an ex-Alexandria, cash not including VAT basis. The official exchange rate is used for the US dollar calculations.

The source commented, “The market activity is slow. Therefore, we adopt different pricing strategies for this month based on availability and demand."
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