Egypt’s EPC announces mid-January PVC prices

EPC, one of Egypt’s two local PVC producers, issued their new prices for the second half of the month at a rollover. The producer continues to offer k67-68 at EGP7100/ton ($907/ton) and k70 at EGP7250/ton ($926/ton) on an ex-Alexandria, cash exc VAT basis.

A source from the producer commented, “Demand is less than moderate these days as the market sentiment is very weak. However, our plant continues to run at full rates and we are delivering without any problems. Prices keep seeing additional decreases in line with persistently declining oil prices but for now, we prefer to maintain our prices until we get a clearer picture of the market.”