Egypt’s EPC announces December PVC prices
by ChemOrbis Editorial Team - content@chemorbis.com
In Egypt, one of the local PVC producers, EPC, reported that they elected to cut their December prices by EGP200/ton ($26/ton) for the first half of the month. Now, the producer offers k67-68 at EGP7300/ton ($932/ton) and k70 at EGP7450/ton ($951/ton) on an ex-Alexandria, cash not inc VAT basis.
A source from the company commented, “When considering the globally weak PVC trend and our comfortable supplies, we decided to cut our offers for the first half of the month. Plus, the demand situation will be even weaker in December given the year-end holidays and financial book closures. Therefore, via our decrease, we aim to attract better buying interest.”
The producer is currently running their plant at 80% of capacity.
A source from the company commented, “When considering the globally weak PVC trend and our comfortable supplies, we decided to cut our offers for the first half of the month. Plus, the demand situation will be even weaker in December given the year-end holidays and financial book closures. Therefore, via our decrease, we aim to attract better buying interest.”
The producer is currently running their plant at 80% of capacity.
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