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Egypt’s EPC starts 2015 with lower PVC prices

by ChemOrbis Editorial Team -
  • 02/01/2015 (10:05)
In Egypt, local PVC producer EPC decreased their prices in line with market expectations and the softening global trend. The producer cut their PVC k67-68 and k70 prices by EGP400/ton ($56/ton) for the first half of January.

The producer offers k67-68 at EGP7000/ton ($982/ton) and k70 at EGP7150/ton ($1003/ton) on ex-Egypt, cash not inc VAT basis.

A source from the producer commented, “Overall demand is not performing well and the market is quiet due to the year-end holidays. At the moment, we are running our plant at full rates and we are delivering to the market without any problems. However, we are not planning to export any cargoes this month since other major global markets are also performing poorly."

A distributor who received the new prices from the producer said, “The market had already been expecting lower prices from EPC given steadily decreasing import US PVC offers.” However, the distributor also highlighted that most traders have sold out their import US materials and that offer levels have since started to firm up again given the limited availability.
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