Blockade of El Sokhna port may delay PE/PP imports to Egypt

13 July 2011 17:51  [Source: ICIS news]

LONDON (ICIS)--Protestors in Egypt blocking the highway between Cairo and the El Sokhna port, which is the main transit point for goods including polymers entering and leaving the Suez Canal, could cause a delay, a source at the polyethylene (PE) manufacturer SIDPEC said on Wednesday.

"The protesters have stopped material coming in. The port is a main entry point for Saudi Arabian product," said the PE supplier based in Egypt.

However, polyolefins producers in Saudi Arabia were unavailable on Wednesday to comment on any possible impact.

"We have been in this situation for three days. So, people are worried. If the situation is not resolved, we will have to wait for another week," the source at SIDPEC added.

However, the source confirmed it had not received any requests for extra orders for PE as a result. "Nobody is running for material, we have regular orders only."

Apart from South Africa, where local producers have a huge market share due to competitive prices based on high inventories, Africa is a net importer of polyolefins, especially from the Middle East, South Korea and India.

($1 = €0.71)

By: Cuckoo James
+44 (0) 208 652 3214

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