Egypt’s SIDPEC announces Dec HDPE offers

A source from Egypt’s local HDPE producer SIDPEC reported that they announced their new December prices with increases for another month when compared to their November levels.

The producer increased its HDPE film and b/m offers by EGP1800/ton ($101/ton) while its HDPE injection prices indicate increases of EGP1800-2000/ton ($101-112//ton) from November.

“We had to increase our offers as our costs have increased due to the firming US dollar parity. However, we did not issue larger increases as we are trying to help our customers overcome the unfavorable market conditions. There is still healthy demand for our cargoes while the plant is operating at full rates now. This week we are delivering HDPE b/m from our HDPE film and b/m swing line,” reported the producer source.

SIDPEC’s November HDPE prices currently stand at EGP18400/ton ($1030/ton) for film, at EGP18500/ton ($1035/ton) for blow moulding and at EGP17500-18200/ton ($979-1018/ton) for injection, all on ex-Alexandria, 60 days deferred payment excluding VAT basis.