Egypt’s OPC issues November PP prices to local market
by ChemOrbis Editorial Team - content@chemorbis.com
A source from one of Egypt’s local PP producers, OPC, reported that the producer announced its PP raffia prices with rollovers from its latest October levels in line with the steady import offers. The producer’s November announcements followed EPPC’s pricing policy.
Accordingly, the producer’s offers are reported at EGP20,975-21,375/ton ($1189-1212/ton) on an ex- Ain Sokhna, cash not including VAT basis. The official exchange rate is used for the US dollar calculations.
The source noted, “Our plant is currently running at full rates; however, we are facing some issues regarding feedstock supplies, which is going to affect our deliveries to the market during November.”
Accordingly, the producer’s offers are reported at EGP20,975-21,375/ton ($1189-1212/ton) on an ex- Ain Sokhna, cash not including VAT basis. The official exchange rate is used for the US dollar calculations.
The source noted, “Our plant is currently running at full rates; however, we are facing some issues regarding feedstock supplies, which is going to affect our deliveries to the market during November.”
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