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Egypt’s OPC declares March PP raffia prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/03/2016 (17:18)
One of Egypt’s local PP producers, OPC, revealed their new March PP raffia prices with an increase of EGP550/ton ($71/ton) from February at EGP8650-9050/ton ($1105-1156/ton) on an ex- Ain Sokhna, cash excluding VAT basis.

A source from the company stated, “Considering the globally firming trend and higher announced March import PP prices to Egypt, we lifted our raffia prices for the month. We are satisfied with the demand we see from our own market while we notice that global buying interest is improving as well. In markets such as China and Turkey, demand has started to pick up. Taking these developments into account, we are anticipating further improvements in the PP market in a short while.”
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