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Egypt’s SIDPEC reveals new January HDPE prices

by ChemOrbis Editorial Team -
  • 04/01/2016 (13:52)
Egypt’s local HDPE producer SIDPEC issued their new January prices with decreases in line with expectations. The producer’s new offer levels indicate EGP1000/ton ($127/ton) decreases for HDPE film, EGP1100/ton ($141/ton) drops for HDPE b/m and EGP1300-1500/ton ($166-192/ton) declines for HDPE injection.

Now, the producer offers HDPE film at EGP10500/ton ($1341/ton), HDPE b/m at EGP11000/ton ($1405/ton) and HDPE injection at EGP11000-11500/ton ($1405-1469/ton) on an ex-Egypt, 60 days deferred payment basis excluding VAT.

Prior to SIDPEC’s announcement, the producer’s prices were reported to be under downward pressure from both the import and distribution markets.
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