Egypt's EPC reveals Nov PVC offers for H1 to local market

Egypt’s local PVC producer, EPC, has announced new offers for the first half of November with decreases of EGP700/ton ($40/ton) from latest October levels, according to a producer source.

EPC’s new PVC offers are reported at EGP17,000/ton ($963/ton) for PVC k67-68 and at EGP17,800/ton ($1008/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 decreases came in line with the global softening trend and sluggish demand. He commented, “We trimmed our offers down to be able to improve our sales. Now that we applied cumulative discounts of around EGP1000/ton ($57/ton) since mid-October, we expect to see better demand in the days ahead. Furthermore, our plant is running at full rates and we are delivering smoothly to our customers.”