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Egypt’s SIDPEC announces June HDPE prices

by ChemOrbis Editorial Team -
  • 01/06/2016 (15:39)
Egypt’s local HDPE producer SIDPEC revealed their new June prices with decreases in line with expectations. The producer’s new offer levels indicate decreases of EGP400/ton ($45/ton) for HDPE film and blow moulding and EGP800/ton ($90/ton) for HDPE injection when compared to May.

The producer’s new offers stand at EGP13000/ton ($1450/ton) for HDPE film, at EGP13100/ton ($1460/ton) for HPDE b/m and at EGP12700-13200/ton ($1416-1472/ton) for HDPE injection, all on an ex-Egypt, 60 days deferred payment basis excluding VAT.

A source from the producer commented, “We reduced our June prices in line with the current global trends as well as Middle Eastern producers’ new price announcements, which came lower to Egypt. In addition, demand is a bit slow ahead of Ramadan.”
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