15 February 2012 14:19 [Source: ICIS news]
“It is an annual shutdown for maintenance. The time of the annual shutdown [each year] depends on the plant situation,” a source at the company said.
SIDPEC, which increased its HDPE offers into the domestic market in February, said the turnaround will last for a month.
February film and blow-moulding grade HDPE offers from the producer increased by Egyptian pounds (£E) 400/tonne ($66/tonne) (€51/tonne) to £E9,000/tonne ex-factory, excluding 10% tax.
Injection grade HDPE increased by £E500/tonne to £E8,650–8,750/tonne ex-factory, excluding 10% tax.
PE demand in
Import offers for PE into
The increase in offers is caused by a bullish market sentiment in the key PE markets of
($1 = £E6.03)
(€1 = £E7.89)
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