Egypt’s PP market hits the lowest levels since 2009

According to ChemOrbis Price Wizard, Egypt’s PP raffia market hit its lowest levels seen since 2009 both for import and local prices. This past week, distributors’ overall raffia prices saw additional decreases of EGP100-500/ton ($13-64/ton). Within the range, Egyptian cargoes tracked a stable to EGP150/ton ($19/ton) softer trend while locally held Middle Eastern cargoes were […]

Egypt’s local PP and PE markets see decreases

As reported on www.ChemOrbis.com, in Egypt, devaluation of the Egyptian pound back in October had caused prices for the locally held imported cargoes to gain significant increases. Hindered import purchases amidst higher exchange rates and longer customs clearance procedures had also limited the supply in the distribution market. Sellers, trying to avoid losses stemming from […]