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SIDPEC cancels shutdown plans

by ChemOrbis Editorial Team - content@chemorbis.com
  • 10/11/2014 (16:34)
A source from Egypt’s domestic HDPE producer SIDPEC reported that they have no plans to conduct any maintenance shutdowns until the end of this year.

“We have been delaying our turnaround since September and now we have decided not to conduct any maintenance until the end of the year. Our plant is operating at full rates and our equipment is working fine, it is in no need of maintenance. At the moment, we run both our production lines and we deliver smoothly to the market. Regarding our future expectations, we lack a clear view of the market when considering the volatile parity rates and upstream costs,” he remarked.

SIDPEC had started the month of November with EGP400/ton ($56/ton) decreases. The producer offers HDPE film at EGP12000/ton ($1678/ton), HDPE blow moulding at EGP12070/ton
($1688/ton) and HDPE injection at EGP11600-12200/ton ($1622-1706/ton) on ex-Alexandria, cash not including VAT basis.
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