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Egypt’s OPC reveals higher offers for Jan

by ChemOrbis Editorial Team -
  • 10/01/2017 (11:13)
A source from one of Egypt’s PP producers, OPC reported that the producer raised their new PP raffia prices for January by EGP1900-2000/ton ($103-108/ton) from the December levels.

The producer’s new offers currently stand at EGP20800-21300/ton ($1146-1173/ton w/o VAT) on an ex- Ain Sokhna, cash not including VAT basis.

“Our plant is running at full rates and our cargoes are seeing good demand as players find our offers competitive amidst the increasing prices for locally-held cargoes given the high exchange rates,” commented the source.
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