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Egypt’s EPC announces new PVC prices

by ChemOrbis Editorial Team -
  • 17/08/2015 (09:30)
In Egypt, a source from the local PVC producer, EPC, announced that the company has changed its price for mid-August. The producer has decreased its price by EGP150/ton ($19/ton) for its mid-month announcement. This was reported to be in line with the softer PVC market trend seen on a global basis, plus the slow demand and comfortable supplies.

A source at the producer said, “Crude oil prices are dropping which are causing polymer prices to decrease. Plus, on top of this, demand is slow in many global markets including in Turkey. We think our new prices are very competitive in the market and will be acceptable.”

The producer’s new prices are at EGP7300/ton ($933/ton w/out VAT) for k67 and at EGP7450/ton ($952/ton w/out VAT) for k70, ex-Alexandria, Egypt, cash not inc VAT.

The source added, “Our plant is running at full rates now and our deliveries to the market are smooth.”
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