Egypt’s EPC unexpectedly shuts its PVC unit
by ChemOrbis Editorial Team - content@chemorbis.com
According to a source close to Egypt’s local PVC producer, EPC, the producer has halted operations at its PVC unit due to an unexpected malfunction on May 22. However, the producer continues to deliver to the market from their stocks.
"We are planning to restart our PVC line as of next Monday, on May 29. We are delivering cargoes normally to our customers from our stocks, hence the market isn’t affected by the shutdown,” said the source.
Last week, the producer announced its PVC offers for the remainder of May with rollovers. The producer’s May PVC offers are currently standing at EGP17,000/ton ($940/ton) for PVC k67-68 and at EGP17,800/ton ($986/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.
"We are planning to restart our PVC line as of next Monday, on May 29. We are delivering cargoes normally to our customers from our stocks, hence the market isn’t affected by the shutdown,” said the source.
Last week, the producer announced its PVC offers for the remainder of May with rollovers. The producer’s May PVC offers are currently standing at EGP17,000/ton ($940/ton) for PVC k67-68 and at EGP17,800/ton ($986/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.
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