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Egypt’s EPC raises PVC offers

by ChemOrbis Editorial Team -
  • 13/12/2016 (15:49)
According to a source close to Egypt’s local PVC producer EPC, the producer raised its offers again by EGP400/ton ($22/ton) on the week to EGP16,400/ton ($900/ton) for PVC k67-68 and EGP17,200/ton ($944/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.

“We have to increase our prices given the higher costs amidst the strengthening dollar parity. Our plant is running now at full capacity as our cargoes are seeing good demand and our deliveries are going smooth to the market,” said the source.

In late November, the producer reported that they would set their prices on a weekly basis due to the fluctuating dollar parity until the exchange rates stabilize between the US dollar and the EGP.
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