04 February 2014 17:11 [Source: ICIS news]
“We've noticed less competition for us,” the producer said.
“We've exported to the UK because of the exchange rate. We've had enquiries from Brazil, more than we can supply.”
A combination of relatively low domestic prices and the weak rand has meant few international producers have recently done business in South Africa.
Two weeks ago, a Middle East producer of high-density PE (HDPE) said that South African market conditions do not make it attractive to currently sell in the region.
From an importer-distributor’s perspective, the weak rand exacerbates the expense of already-high international prices.
“Our plant is running on full capacity,” the producer added. “February will be exceptionally busy [as March prices will increase, people are buying now].”
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