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Egypt’s OPC reveals August PP raffia prices

by ChemOrbis Editorial Team -
  • 08/08/2016 (14:36)
One of Egypt’s local PP producers, OPC, declared their new August PP raffia prices with an increase of EGP1100/ton ($124/ton) from July at EGP12500-12900/ton ($1408-1453/ton) on an ex- Ain Sokhna, cash excluding VAT basis.

A source from the company reported that demand on their cargoes is performing well since the US dollar parity issues hinder the sales activity in the import market. He also stated that their plant is working at full capacity now and in addition to their export business this month, they will also deliver to the local market.

Prior to OPC, the other local producer EPPC who offers on US dollar terms had revealed their August offers with notable decreases last week.
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