Egypt’s TCI Sanmar issues PVC offers for H1 March

In Egypt, one of the local PVC producers, TCI Sanmar, announced its new PVC offers for the first half of March with decreases.

The producer’s offers are reported at EGP20,700/ton for PVC k67-68, on an ex-Port Said, cash including VAT basis ($1128/ton without VAT), down EGP1100/ton ($63/ton) from its latest February levels.

A producer source commented, “Demand is very slow and we receive limited inquires from the market players as they are expecting additional price declines in the mid-month announcements. Meanwhile, we have no stock pressure and we might divert our cargoes to our export destinations if demand remains disappointing in Egypt.”