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Egypt’s OPC announces July PP prices

by ChemOrbis Editorial Team -
  • 11/07/2016 (17:45)
One of Egypt’s local PP producers, OPC, announced their July PP raffia prices with rollovers from June at EGP11400-11800/ton ($1299-1344/ton) on an ex- Ain Sokhna, cash excluding VAT basis.

A source from the producer stated, “Demand has started to improve since the end of the holiday as buyers who limited their purchases during the Ramadan month are now interested in building stocks. We had to shut our plant during the first ten days of July due to an unexpected glitch. However, we resumed our operations as of today while our deliveries weren’t affected as we continued to deliver orders to the local market from our stocks. We believe that our prices are still competitive.”
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