Egypt’s EPC announces mid-June PVC offers

In Egypt, one of the local PVC producers, EPC, announced its PVC prices for the second half of June with an additional increase of EGP150/ton ($8/ton) from its initial June offers. The producer had increased their offers by EGP350/ton ($19/ton) for the first half of the month.

Accordingly, EPC’s new PVC offers stand at EGP17,500/ton ($966/ton) for PVC k67-68 and at EGP18,300 /ton ($1010/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations

The source said, “We are seeing good demand for our cargoes, although it is still below normal rates. Our plant is running at full rates and they are delivering smoothly to the market.”