Egypt's EPC reveals H2 Oct PVC offers to local market

Egypt’s local PVC producer, EPC, has announced new offers for the second half of October with decreases of EGP300/ton ($17/ton) compared to the initial October offers, reported a source close to the company.

EPC’s new PVC offers are reported at EGP17,700/ton ($997/ton) for PVC k67-68 and at EGP18,500/ton ($1042/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.

The source reported that they had to step back on their initial October offers which indicated EGP200/ton increases. This was due to the global softening trend as well as stagnant demand both in the local and export markets. He added, “Our plant is offline at the moment due to some technical issues while we will resume operations within a week starting from today. However, our deliveries will not be affected by the shutdown as we have sufficient stocks.”