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Egyptian HDPE producer SIDPEC reveals Nov prices

by ChemOrbis Editorial Team -
  • 02/11/2015 (08:37)
Egypt’s HDPE producer SIDPEC issued their new November prices with increases of EGP900/ton ($112/ton) for HDPE film and EGP1100/ton ($137/ton) for HDPE blow moulding and injection. Now, the producer’s new offer levels stand at EGP11500/ton ($1432/ton) for HDPE film, at EGP12100/ton ($1507/ton) for HDPE blow moulding and at EGP12500-12800/ton ($1556-1594/ton) for HDPE injection on an ex-Alexandria, 60 days deffered payment, exc. VAT basis.

A company source stated, “Our hike decision came in line with global trends, which indicate increases from end October levels. Plus, we had to issue these increases in order to be able to cope with the depreciation of the Egyptian pound against the US dollar. Plus, we are conducting good sales. At the moment, we run our plant at full capacity and we will start producing HDPE film on our film/blow moulding swing line this week. Given tight supplies in the market, we believe that our prices will see acceptance.”
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