|S. European LDPE moves higher for March in Egypt|
|Thursday, 04 March 2010|
A trader, who was offering South European LDPE film at $1550/ton on CIF Alexandria, 90 days deferred payment basis in February, reported issuing increases of $10/ton for March by pulling their prices up to $1560/ton with the same termsInitially, the seller had announced their sell idea for the same origin at $1570-1580/ton, up by $20-30/ton from their February levels.
However, he had also commented that they weren’t feeling confident that they could sell at these higher levels due to slow demand and not so strong market sentiment.
Considering this, the seller is willing to offer discounts of up to $20/ton in return for firm bids. Looking at the local market, LDPE film offers are currently pegged between EGP9700-10000/ton on ex-warehouse cash including VAT, $1605-1655/ton without VAT.
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