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Egypt’s ETHYDCO reveals PE offers for December

by ChemOrbis Editorial Team - content@chemorbis.com
  • 07/12/2017 (12:57)
In Egypt, a source from a local PE producer, ETHYDCO, reported that the producer announced its December PE offers with rollovers to some decreases compared to its latest November levels.

Accordingly, the producer’s HDPE film offers were down by EGP200/ton ($11/ton) at EGP22,400/ton ($1255/ton) while its prices for other HDPE grades were mostly rolled over at EGP20,000/ton ($1121/ton) for HDPE inj., EGP23,000/ton ($1290/ton) for HDPE pipe natural and EGP21,200/ton ($1188/ton) for HDPE b/m. The producer applied larger decreases of EGP500/ton ($28/ton) on its LLDPE c4 film offers to bring them to EGP22,000/ton ($1233/ton), all on an ex-Alexandria, cash not including VAT basis. The official exchange rate is used for the US dollar calculations.

A producer source commented, “We are currently producing LLDPE in our first line and HDPE film in our second line. We will shift to produce HDPE b/m by mid-month. Still, we have good stocks to feed the market and our operating rates are normal.”
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