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Egypt’s TCI Sanmar reveals August PVC prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 05/08/2015 (13:13)
A source from Egyptian PVC producer TCI Sanmar reported that they decided to maintain their offers for the first half of August at EGP8190/ton ($951/ton) for PVC k67-68 on an ex-Port Said, cash not inc VAT basis. A source from the producer commented that they are running their plant at normal rates and that they hold sufficient stocks to deliver to their customers. “Our export business is performing normally in both Turkey and Europe. We believe that demand will gradually pick up as more and more buyers are coming back from their holidays and are in need of replenishing their stocks,” he added.

Prior to TCI Sanmar’s announcement, the other local producer EPC had also rolled over their prices for the first half of the month. The producer’s PVC k67-68 prices stand at EGP7450/ton ($951/ton) and their k70 prices are at EGP7600/ton ($971/ton) on ex-Alexandria, cash not inc VAT basis. However, regarding their exports, the source commented, “We halted our export business for August. Demand in Turkey is not performing well and we can achieve better margins in our local market. Nowadays, we are running our plant at full capacity and are delivering normally to our customers.”
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