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Egypt’s EPC issues PVC offers for H1 May

by ChemOrbis Editorial Team -
  • 03/05/2017 (14:43)
In Egypt, one of the local PVC producers, EPC, issued its new PVC prices for the first half of May with decreases of EGP700/ton ($39/ton) from its latest April offers. A producer source reported that globally weak PVC markets as well as thin demand continue to put downward pressure on prices.

EPC’s new PVC offers are reported at EGP17,000/ton ($938/ton) for PVC k67-68 and at EGP17,800/ton ($982/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.

The source said that their plant is running at full rates and they are also exporting their materials this month; however, he complained about the low sales activities both in local and export markets.
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