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Egypt’s SIDPEC reveals October HDPE prices

by ChemOrbis Editorial Team -
  • 03/10/2016 (14:40)
A source from Egypt’s local HDPE producer SIDPEC reported that they announced their new prices with rollovers to increases when compared to their latest September levels.

Accordingly, the producer introduced an increase of EGP400/ton ($45/ton) on its HDPE film and b/m offers while maintaining its HDPE injection prices for October.

The source attributed their firmer levels to good demand for their materials in the local market, especially for HDPE film cargoes, amidst ongoing parity issues which hinders import activity dramatically.

SIDPEC’s October HDPE prices currently stand at EGP14700/ton ($1639/ton) for film, at EGP14800/ton ($1650/ton) for blow moulding and at EGP14000-14500/ton ($1560-1617/ton) for injection, all on ex-Alexandria, 60 days deferred payment excluding VAT basis.

“We are currently operating our plant at full capacity while we will deliver film grade from our HDPE film and b/m swing line this week,” the source added.
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