Egypt’s OPC issues October 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 increases of EGP225/ton ($13/ton) from its latest September levels.
Accordingly, the producer’s offers are reported at EGP20,975-21,375/ton ($1183-1206/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 running at normal rates while we can deliver smoothly to the market. However, demand is yet to catch up.”
Accordingly, the producer’s offers are reported at EGP20,975-21,375/ton ($1183-1206/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 running at normal rates while we can deliver smoothly to the market. However, demand is yet to catch up.”
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