Egypt's EPC reveals initial PVC offers for Oct to local market
by ChemOrbis Editorial Team - content@chemorbis.com
Egypt’s local PVC producer, EPC, has announced new offers for the first half of October with increases from September, according to a producer source.
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.”
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.”
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