Egypt’s EPC revises up PVC offers for H2 Jan
by ChemOrbis Editorial Team - content@chemorbis.com
A source from Egypt’s local PVC producer EPC said that the producer announced its new offers for the second half of the month, issuing an increase of EGP700/ton ($37/ton) from its initial January offers.
The source commented that they increased their offers due to the increased costs amidst the strong dollar parity, adding that their plant is operating at full rates and delivering to the market smoothly. “We are delivering to the market from our daily production as we do not have stocks because of the good demand to our cargoes,” added the source.
EPC’s new PVC offers stand at EGP18,700/ton ($980/ton) for PVC k67-68 and at EGP19,500/ton ($1022/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
The source commented that they increased their offers due to the increased costs amidst the strong dollar parity, adding that their plant is operating at full rates and delivering to the market smoothly. “We are delivering to the market from our daily production as we do not have stocks because of the good demand to our cargoes,” added the source.
EPC’s new PVC offers stand at EGP18,700/ton ($980/ton) for PVC k67-68 and at EGP19,500/ton ($1022/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.
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