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Egypt’s HDPE producer lowers December prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/12/2014 (11:50)
Egypt’s local HDPE producer SIDPEC issued their new prices with decreases of EGP270/ton ($39/ton) for HDPE blow moulding at EGP11800/ton ($1652/ton) while they issued EGP300/ton ($42/ton) decreases for HDPE film at EGP11700/ton ($1638/ton) and for HDPE injection at EGP11300-11900/ton ($1582-1666/ton) on an ex-Alexandria, cash including VAT basis. The high end of the HDPE injection range is offered for MFI 38/40 products.

A source from the producer commented, “Declining oil prices are affecting raw material costs and polymer prices are also being affected. Plus, the overall market situation is still weak, with buyers being cautious when engaging in new purchases as they do not want to build high stocks. However, despite poor market conditions, we are still running at full rates and our deliveries perform smoothly. Players still expect to see further reductions and are adopting a wait and see stance."
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