Egypt's EPC reveals initial PVC offers for Oct to local market
EPC’s new PVC offers are reported at EGP18,000/ton ($1018/ton) for PVC k67-68 and at EGP18,800/ton ($1064/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 elected to raise their offers in line with the firming global trend and higher upstream costs rather than good demand as it is mostly moderate amidst cash flow problems and poor end sales. He also said, “Our plant is running at full rates, but we are not under sales pressure this month as we are exporting.”
More free plastics news
Plastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...- Taiwan’s Dec PVC prices to India expected to hold steady as players await ADD clarity
- Stats: Türkiye’s Q3 polymer imports down 9.5% year over year
- India's ADD proposal continues to echo through PVC markets: World’s largest buyer reshapes global trade
- Stats: Türkiye’s cumulative polymer imports hit 3-year low in Jan-Sept
- PP, PE markets torn between firmer monomers and poor dynamics in Europe
- Peak season closes with modest PP, PE gains in China, except for LDPE’s strong stand
- India finally announces ADD on S-PVC imports: What’s in store for subject countries?
- Turkish PE players hunt for signs of a market bottom amid pending Nov offers
- Freight rates rise after prolonged slump; is this rebound here to say or just a dead cat bounce?
- India’s PVC price range narrows as low-end Chinese offers fade amid ADD speculation