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Egypt’s TCI Sanmar issues initial May offers with decreases

by ChemOrbis Editorial Team -
  • 03/05/2017 (10:17)
In Egypt, one of the local PVC producers, TCI Sanmar, announced its new PVC offers for May with decreases from April.

The producer’s offers are reported at EGP19,300/ton for PVC k67-68, on an ex-Port Said, cash including VAT basis ($943/ton without VAT), down EGP800/ton ($44/ton) from its most recent April levels.

A producer source reported that they elected to apply declines in their prices for May due to disappointing demand and ongoing cash flow issues, commenting that their exports are doing better than the domestic sales. “Our plant is running at full capacity and we are delivering to our customers smoothly,” added the source.
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