First PE offers show up from Egyptian ETHYDCO in Turkey
by ChemOrbis Editorial Team - content@chemorbis.com
Initial offers from Egypt’s second PE producer, the Egyptian Ethylene and Derivatives Company (ETHYDCO) showed up in Turkey. Buyers received LLDPE c4 film offers from an exclusive distributor of the producer at $1200/ton CIF Turkey, cash no duty. “We have received good buying interest towards our materials so far,” a source from the agent noted.
Players have only reported LLDPE offers for this brand new origin, while no HDPE grades were offered to Turkey for the time being.
A manufacturer who was offered this origin commented, “We plan to try samples and once we receive the required approval, Egyptian PE is likely to be a regular supply source for us as a duty free and nearby option.”
ETHYDCO has 460,000 tons/year ethylene and 400,000 tons/year integrated PE capacity. The producer’s PE plant houses two production lines: a 200,000 tons/year HDPE/LLDPE swing line and a 200,000 tons/year HDPE line.
Players have only reported LLDPE offers for this brand new origin, while no HDPE grades were offered to Turkey for the time being.
A manufacturer who was offered this origin commented, “We plan to try samples and once we receive the required approval, Egyptian PE is likely to be a regular supply source for us as a duty free and nearby option.”
ETHYDCO has 460,000 tons/year ethylene and 400,000 tons/year integrated PE capacity. The producer’s PE plant houses two production lines: a 200,000 tons/year HDPE/LLDPE swing line and a 200,000 tons/year HDPE line.
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey
- China’s import PP markets climb to 6-month highs prior to Lunar New Year
- Weak activities press import PE, PP suppliers for discounts in Egypt
- Price erosion continues inside Middle Eastern polyolefins markets
