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Egypt’s SIDPEC halts deliveries to market on plant issue

by ChemOrbis Editorial Team - content@chemorbis.com
  • 24/01/2017 (17:56)
A source from Egypt’s local PE producer SIDPEC reported that they have stopped offering to the local market as they had to shut their plant on January 17 due to an unexpected failure.

“We are planning to restart our plant on January 29 and we will resume delivering to the market normally once the plant restarted its operations. Regarding the market direction in February, we are expecting the upward trend to remain in place as the new announcements will indicate higher levels from January,” said the source.

SIDPEC’s January HDPE prices currently stand at EGP21200/ton ($1116/ton) for film, at EGP21500/ton ($1132/ton) for blow moulding and at EGP21000/ton ($1106/ton) for injection, all on ex-Alexandria, 60 days deferred payment excluding VAT basis.
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