Friday, February 12, 2010

Upward pressure in local and import markets in Egypt despite poor demand

Upward pressure prevails in the local and import markets in Egypt despite poor demand, as per Chemorbis. Most buyers prefer to defer fresh purchases, or meet their requirements in small volumes. This situation is seeing support from the impending Chinese New Year as players want to wait until the holiday period is over in order to be clear regarding the market direction.

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