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Egypt’s OPC reveals higher offers for March

by ChemOrbis Editorial Team -
  • 08/03/2017 (17:53)
A source from one of Egypt’s local PP producers, OPC reported that the producer raised its new PP raffia prices by EGP1400-1650/ton ($79-93/ton) for March from the February levels.

The producer’s new offers currently stand at EGP22,300-22,800/ton ($1372-1403/ton) on an ex- Ain Sokhna, cash not including VAT basis.

The source noted that demand is good for their cargoes in the local and export markets and added, "Our plant is running at full rates and we are delivering smoothly to our customers. Demand is better this month as buyers were expecting further softness in prices; however, they are rushing to secure their needs now as the parity has begun to strengthen again.”
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