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Egyptian GPPS producer E-Styrenics: Our plant is still shut

by ChemOrbis Editorial Team - content@chemorbis.com
  • 28/09/2015 (15:26)
A source from Egypt’s local GPPS producer E-Styrenics noted that their plant is still shut due to an ongoing lack of styrene cargoes. “Despite our shutdown, we are still delivering to the market given our comfortable stocks. We believe that we will be able to maintain deliveries for another three months. However, demand has been performing very slowly during September in line with decreasing import PS prices, which made buyers even more cautious towards new purchases.”

The producer’s September offers are still at $1350-1400/ton on ex-works Dekhelia, Egypt, cash basis. E-Styrenics is expected to reveal their new prices by the end of this week.
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