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Competitive import PVC K67 offers emerge in Egypt markets

by Başak Ceylan - bceylan@chemorbis.com
  • 22/01/2021 (13:39)
In Egypt, traders reported offers at $1420-1430/ton for Ukrainian and South Korean PVC K67 late this week. These materials, which are of irregular origin, stood highly competitive as compared to their US counterparts.

The latest offers for US K67 were assessed within a range of $1530-1550/ton ($1561-1581/ton with 2% customs duty) CIF Egypt earlier this week. Although these US offers too were lower as compared to last week, the appearance of Ukrainian and South Korean materials indicated steeper discounts as they also enjoy a duty advantage into Egypt.

Import PVC prices had tested the highs of $1600/ton in the beginning for January but these levels failed to work amid thin buying interest from buyers. The relatively improved supply outlook amid the return of US and European PVC producers added pressure to the scene.
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