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Egypt’s OPC declares June PP raffia prices

by ChemOrbis Editorial Team -
  • 01/06/2016 (17:28)
One of Egypt’s local PP producers, OPC, announced their new June PP raffia prices with a significant decrease of EGP1550/ton ($175/ton) from May at EGP11400-11800/ton ($1284-1329/ton) on an ex- Ain Sokhna, cash excluding VAT basis.

A source from the producer stated, “Market activities are slow in line with the approaching Ramadan as well as globally weak trends. Hence, we elected to issue decreases on our prices for June. Our plant is currently operating at full rates and we are planning to supply both local and export markets this month.”
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