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Egypt’s SIDPEC tracks divergent pricing policies for Oct HDPE

by ChemOrbis Editorial Team -
  • 01/10/2015 (17:05)
In Egypt, the local HDPE producer SIDPEC issued their new October prices, with the producer tracking a different pricing policy for all HDPE products for this month. A source from the producer highlighted the different supply and demand dynamics among various HDPE products as the reason for their divergent October pricing strategy.

The producer cut their HDPE film prices by EGP300/ton ($38/ton) to EGP10600/ton ($1354/ton), rolled over their HDPE b/m offers at EGP11000/ton ($1405/ton) and lifted their HDPE inj. prices by EGP200-400/ton ($26-51/ton) to EGP11400-11700/ton ($1456-1494/ton) on ex-Alexandria, cash excluding VAT basis.

A source from SIDPEC commented, “We see good demand for HDPE film, but we hold high stocks for this product; therefore, we lowered our prices. For HDPE blow moulding and injection, demand is very good and we lifted our injection prices since we have rather limited stocks for this grade. Right now, we are running both our production lines at full rates without any problems.”
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