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Egypt’s SIDPEC reveals August HDPE prices

by ChemOrbis Editorial Team -
  • 01/08/2016 (16:40)
A source from Egypt’s local HDPE producer SIDPEC reported that they announced their new prices with increases of EGP1100/ton ($124/ton) for HDPE film and b/m and EGP1000-1100/ton ($113-124/ton) for HDPE injection when compared to their latest July levels.

The source attributed their firmer levels to good demand for their materials in the midst of the rising USD parity which hinders import activity dramatically.

SIDPEC’s August HDPE prices currently stand at EGP14300/ton ($1593/ton) for film, at EGP14400/ton ($1604/ton) for blow moulding and at EGP14000-14500/ton ($1560-1615/ton) for injection, all on ex-Alexandria, 60 days deferred payment excluding VAT basis.

“We are running our plant at full capacity at the moment while we are delivering blow moulding grade from our swing line this week,” the source added.
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