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Egypt’s SIDPEC issues July HDPE prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 04/07/2016 (10:37)
Egypt’s local HDPE producer SIDPEC announced their new July prices with increases from June. The producer elected to lift their prices by EGP200/ton ($23/ton) for HDPE film and blow moulding and by EGP200-300/ton ($23-34/ton) for HDPE injection when compared to their June levels.

A source from the producer attributed their hike decision to firmer ethylene costs as well as improved demand in China, commenting, “We are also expecting demand to improve after the Eid holidays in Egypt as most converters didn’t make any purchases beyond their urgent needs during the Ramadan month. This week, we are planning to deliver HDPE inj. and film grades since our HDPE film/blow moulding swing line is set to produce HDPE film.”

Meanwhile, the source also stated that they haven’t decided on their annual maintenance date yet. “We were initially planning to shut our plant in October for annual turnaround. However, this is not our final decision as we need to make a joint resolution with EPC,” he further added.

SIDPEC’s new offers stand at EGP13200/ton ($1489/ton) for HDPE film, at EGP13300/ton ($1500/ton) for HPDE b/m and at EGP12900-13500/ton ($1455-1523/ton) for HDPE injection, all on an ex-Egypt, 60 days deferred payment basis excluding VAT.
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