Egypt’s PE Producers Announce July Offers to Local Market
SIDPEC, one of Egypt’s key PE producers, lowered its July offers after attempting to maintain stable prices in previous months. However, increasing pressure from competitively priced Saudi cargoes and a generally bearish market environment forced the producer to revise prices sharply downward.
SIDPEC July PE Prices
HDPE Film
Current Price: EGP 59,000/ton
Previous Price: EGP 90,000/ton
Monthly Change: ▼ EGP 31,000/ton
HDPE Blow Molding
Current Price: EGP 64,000/ton
Previous Price: EGP 93,000/ton
Monthly Change: ▼ EGP 29,000/ton
HDPE Injection
Current Price: EGP 64,000/ton
Previous Price: EGP 92,000/ton
Monthly Change: ▼ EGP 28,000/ton
The prices are quoted ex-Alexandria on 60-day deferred payment terms, excluding VAT.
Meanwhile, ETHYDCO also announced fresh reductions for July, extending the downward trend for a second consecutive month. The producer reduced several grades significantly and reintroduced LLDPE film to its price list after its absence in June.
ETHYDCO July PE Prices
HDPE Film
Current Price: EGP 60,000/ton
Previous Price: EGP 80,000/ton
Monthly Change: ▼ EGP 20,000/ton
LLDPE Film
Current Price: EGP 62,000/ton
Previous Price: Not Offered in June
Monthly Change: Reintroduced
HDPE Blow Molding
Current Price: EGP 64,000/ton
Previous Price: EGP 81,800/ton
Monthly Change: ▼ EGP 17,800/ton
HDPE Injection
Current Price: EGP 64,000/ton
Previous Price: EGP 81,800/ton
Monthly Change: ▼ EGP 17,800/ton
HDPE Pipe (80)
July Offer: Not Quoted
June Price: EGP 82,800/ton
ETHYDCO prices are quoted ex-Alexandria on cash terms, excluding VAT.
Market participants attributed the latest reductions to weak purchasing activity, declining import values, and improved material availability in the domestic market. Sellers are reportedly facing liquidity pressures and are actively reducing inventories amid expectations of further price declines during July.
The overall market outlook remains bearish, with buyers continuing to adopt a cautious purchasing strategy while awaiting additional corrections.
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