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Egypt’s PS producer issues August prices

by ChemOrbis Editorial Team -
  • 13/08/2015 (17:57)
A company source from Egypt’s E-Styrenics reported that they have issued their new August prices with decreases of around $60-110/ton compared to their July prices. The source commented, “Demand is slow and there are supplies available.”

The producer’s new GPPS offers are at $1420-1470/ton ex-warehouse Dekheila, cash basis. Prices at the low end are reportedly for quantities of 120 tons or more.

The source added, “Our plant is still closed due to the styrene monomer issue and we may remain closed for the next three months, but we have enough stocks to cover the period. We’re also exporting our materials, but demand from Europe is weak because of summer holidays during August and so, the market remains slow.”
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