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Egypt’s HDPE producer issues January prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/01/2015 (14:50)
In Egypt, the local HDPE producer SIDPEC lowered their HDPE film and blow moulding prices by EGP1500/ton ($210/ton) to EGP10200/ton ($1431/ton) and to EGP10300/ton ($1445/ton), respectively, on ex-Alexandria, cash not inc VAT basis. Meanwhile, their HDPE injection offers came down by EGP900-1200/ton ($126-168/ton) to EGP10100-11000/ton ($1417-1543/ton) with the same terms. The high end of the HDPE injection range is offered for products with 38-40 MFI values.

A source from the producer commented, “A price cut was expected from us since our December prices were standing at the high end of the HDPE ranges after the steady decreases witnessed in the market. Now, our prices are the most competitive offer levels in the market and we hold sufficient quota amounts for all HDPE products.”
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