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Egypt’s PVC producers reveal mid-May offers

by ChemOrbis Editorial Team -
  • 18/05/2015 (17:38)
In Egypt, players reported that the local PVC producers issued their mid-month prices with rollovers from early May levels.

A source from EPC noted, “We still have not managed to build up stocks following our restart and we continue to deliver from our daily production. Demand is slowly improving and therefore, we elected to keep our prices unchanged. We are running our plant at full capacity.” According to the source, some of their customers are experiencing liquidity issues but he added that they have not felt any issues so far. The producer offers k67-68 at EGP8000/ton ($1049/ton) and k70 at EGP8150/ton ($1069/ton) on ex-Egypt, cash inc VAT basis.

Meanwhile, TCI Sanmar, too, kept their k67-68 prices unchanged at EGP8850/ton ($1055/ton w/o VAT) on ex-Port Said, cash inc VAT basis. “Given the decreasing import prices and steady PVC demand, we kept our prices unchanged. At the moment, we are running our plant at normal rates and we deliver without any problems both to the local and export markets,” he added.
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