Egypt’s EPC halts deliveries to market

According to a source close to Egypt’s local PVC producer, EPC halted their deliveries to the local market as the producer shut its PVC plant due to a turnaround at its VCM plant and it has already sold out its stocks.

“We maintained our offers at last week’s levels; however we do not have any material to offer as our plant is still shut. We might resume production by the beginning of December,” added the source. Previously, a producer source had reported that they would set their prices on a weekly basis as of this week due to the fluctuating dollar parity until the exchange rates stabilize between the US dollar and the EGP.

The producer’s November PVC offers are currently standing at EGP15000/ton ($953/ton) for k67-68 and at EGP15800/ton ($1004/ton) for k70, on ex-Alexandria, cash excluding VAT basis.