Egypt’s EPC implements further hikes on PVC offers

According to a source close to Egypt’s local PVC producer EPC, the producer implemented further hikes on its weekly PVC offers. The producer raised its offers by EGP1100/ton ($57/ton) on the week to EGP17,500/ton ($941/ton) for PVC k67-68 and EGP18,300/ton ($984/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.

The source cited their increasing costs in line with the stronger dollar parity as the main reason behind price increases. “However, our prices are still acceptable in the market given our prompt supplies. Meanwhile, our plant is running at full capacity and our deliveries are going smooth,” added the source.