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)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections