Egypt’s EPC reveals mid-month offers for November
by ChemOrbis Editorial Team - content@chemorbis.com
According to a source close to Egypt’s local PVC producer EPC, the producer announced its PVC offers for the remainder of November with significant increases. The producer increased its offers by EGP4300/ton ($278/ton) for PVC k67-68 and by EGP4950/ton ($322/ton) for PVC k70 from its last October levels.
The producer’s new PVC offers are currently standing at EGP15000/ton ($920/ton) for k67-68 and at EGP15800/ton ($969/ton), on ex-Alexandria, cash excluding VAT basis.
The source reported that the producer will begin to deliver PVC resin to the market as of November 16. “The plant is running at 80-90% capacity and we’re expecting to see good demand for our cargoes as supplies are quite tight in the local market,” added the source.
The producer’s new PVC offers are currently standing at EGP15000/ton ($920/ton) for k67-68 and at EGP15800/ton ($969/ton), on ex-Alexandria, cash excluding VAT basis.
The source reported that the producer will begin to deliver PVC resin to the market as of November 16. “The plant is running at 80-90% capacity and we’re expecting to see good demand for our cargoes as supplies are quite tight in the local market,” added the source.
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