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Egypt’s OPC denies weekly price announcement talks

by ChemOrbis Editorial Team - content@chemorbis.com
  • 14/03/2016 (15:15)
A source from one of Egypt’s local PP producers, OPC, denied market talks regarding a change in their price announcements.

The source commented, “We heard from the market that we have started to announce our PP prices on a weekly basis. However, these talks do not reflect the truth as we continue to announce our prices at the beginning of each month and maintain our levels during the month as usual.”

In the meantime, the source also highlighted that their March quotas are limited to their current obligations. “We continue to export our cargoes as well as supplying our domestic customers whom we have contracts with. Therefore, we have no additional quotas to supply to local customers with no contractual obligations,” he added.
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