Egypt’s OPC reveals lower offers for June
Accordingly, the producer’s new offers currently stand at EGP20,870-21,270/ton ($1152-1174/ton) on an ex- Ain Sokhna, cash not including VAT basis.
The source said, “We decreased our offers for June in line with softening import offers and muted demand during the month of Ramadan. We expect demand to improve as of the beginning of July, especially for our export cargoes as European players will be out of the market given the summer holidays in August and they will try to secure their needs before the holidays.”
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Tight supply supports SEA import PP market at 5-year highs
- Asian PS, ABS markets shoot up on production upsets, soaring styrene
- Upsurge continues to wreak havoc on Turkey’s PP, PE markets
- PVC rally roars back in Asia as supply worries mount
- China PP, PE markets join global rally after Lunar New Year holiday
- PE, PP and PVC supply crunch exacerbated on US absence, traditional trade flows upended
- European PP, PE markets set for 5th bullish month as shortage bites
- Turkey shattered as PP prices shoot up to surreal levels
- Polymer markets face one of most chaotic times
- Turnaround season set to get underway in Asia