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Egypt’s TCI Sanmar announces new prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/09/2015 (17:04)
Egyptian PVC producer TCI Sanmar issued their new September prices for the first half of September with decreases of EGP300/ton ($38/ton). The producer now offers k67-68 at EGP7700/ton ($894/ton w/o VAT) on an ex-Port Said, cash not inc VAT basis.

A source from the producer stated, “We elected to decrease our prices in line with decreasing import market levels as well as weak demand. Meanwhile, our allocations are normal and we can sufficiently provide cargoes both to our local market as well as to our export destinations. In the export market, we experience weak demand although the general PVC market conditions are disappointing.”

Prior to TCI Sanmar, the other PVC producer EPC, had also issued EGP300/ton ($38/ton) decreases on their PVC offers for the first half of September.
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