Egypt’s EPC starts deliveries to market, revises up PVC offers

According to a source close to Egypt’s local PVC producer EPC, the producer revised up its offers by EGP1000/ton ($55/ton) on the week to EGP16,000/ton ($893/ton) for PVC k67-68 and EGP16,800/ton ($937/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for US dollar calculations.

EPC had decided to set their prices on a weekly basis due to the fluctuating dollar parity until the exchange rates stabilize between the US dollar and the EGP.

"We elected to raise our offers in line with the firming import prices and we received good feedback from our customers as they find our prices competitive compared to the other origins. Our operations are going fine now at the plant and we can deliver smoothly to our customers,” reported the source.