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Egypt’s OPC issues rollovers for August

by ChemOrbis Editorial Team - content@chemorbis.com
  • 16/08/2017 (11:41)
A source from one of Egypt’s local PP producers, OPC, reported that the producer announced its new PP raffia prices with rollovers from its latest July levels due to the fact that demand remained moderate.

Accordingly, the producer’s new offers remained at EGP20,350-20,750/ton ($1144-1166/ton) on an ex- Ain Sokhna, cash not including VAT basis.

The source noted, “We are running our plant at reduced rates of around 80% due to the insufficient feedstock supplies as monomer prices have been on a firming trend. Buyers are showing resistance to any hike attempt; however, our export demand is relatively better than the local market.”
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