Egypt’s OPC issues December PP prices
by ChemOrbis Editorial Team - content@chemorbis.com
A source from one of Egypt’s PP producers, OPC reported that the producer raised their new PP raffia prices for December by EGP440/ton ($24/ton) from the November levels.
The producer’s new offers currently stand at EGP18900-19300/ton ($1054-1077/ton) on an ex- Ain Sokhna, cash not including VAT basis.
The source said, “Our plant is running at full capacity now. Demand is exceeding our supplies as local players are showing interest in our prompt cargoes and our EGP based prices. Players are trying to avoid purchasing imports due to the unstable dollar parity," commented the source.
The producer’s new offers currently stand at EGP18900-19300/ton ($1054-1077/ton) on an ex- Ain Sokhna, cash not including VAT basis.
The source said, “Our plant is running at full capacity now. Demand is exceeding our supplies as local players are showing interest in our prompt cargoes and our EGP based prices. Players are trying to avoid purchasing imports due to the unstable dollar parity," commented the source.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- African PP, PE markets extend gains into Sept on tightness
- European PS follows SM lower in Sept, ABS flat on tightness
- Turkey PP, PE markets propelled higher by shipping bottlenecks in Sept
- Are record-high PVC prices the new normal amid enduring pandemic?
- European PVC up for 16th month in Sept, prices touch new highs
- Egypt’s PP, PE markets rise on tightness in September
- Logistics snarls propel import PP, PE offers higher in Europe
- Import PVC prices near all-time highs in India, disparity with China/SEA grows
- PP, PE supplies rise in China; demand lags behind expectations despite peak season
- Stats: China’s July PE imports increase after 3 months of declines
