Egypt’s TCI Sanmar reveals Dec PVC offers

A source from one of Egypt’s local PVC producers, TCI Sanmar, reported that they announced their new December offers for PVC k67-68 at EGP20,000/ton on ($988 w/o VAT) an ex-Port Said, cash including VAT basis.

The source reported that their plant is operating normally now and they are fulfilling their old commitments nowadays. “We might finish meeting our old commitments based on our previous price levels within a week and then we will start to deliver on our new offers. We are planning to adopt a new pricing policy and won’t be restricted to announce twice within a month due to the rapid changes and fluctuating exchange rates. We will adjust our offers to the market accordingly and that might happen more than twice within the same month," commented the source.

Previously, Egypt’s other PVC producer, EPC also reported that they decided to set their prices on a weekly basis due to the fluctuating dollar parity until the exchange rates stabilize between the US dollar and the EGP.