Egypt’s EIPET Plans December Maintenance as PET Prices Rise

Egyptian PET producer EIPET is expected to suspend operations at its Ain Sokhna facility in December for scheduled maintenance, according to market sources. The site operates two PET production lines with a combined annual capacity of 540,000 tons.

Meanwhile, EIPET’s latest price list for November was reported at $1,410–1,420/ton CIF, with payment by letter of credit (LC) at sight. The new prices represent an increase of $40/ton compared with October levels.

Market sources also indicated that the producer has sold out its available volumes and will not make deliveries during December because of the planned maintenance shutdown.

The combination of higher prices, fully committed volumes and the upcoming maintenance period is expected to limit EIPET’s PET availability in the coming month.

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