Egypt’s TCI Sanmar reveals PVC offers for H2 October
by ChemOrbis Editorial Team - content@chemorbis.com
In Egypt, one of the local PVC producers, TCI Sanmar, announced its PVC offers for the second half of October with decreases of EGP300/ton ($17/ton) from their initial October offers. Downward adjustments in the import market and the softening sentiment were cited as the main reasons behind the producer’s decision.
The producer’s offers are reported at EGP20,420/ton for PVC k67-68, on an ex-Port Said, cash including VAT basis ($1015/ton without VAT).
“We had to step back on our initial hike targets to compete with the falling local and import offers. Demand is moderate as players are expecting further decreases in the import market. Moreover, our operations are smooth and deliveries are regular,” said a producer source.
The same approach was adopted by EPC, the other PVC producer of Egypt, due to the global softening as well as tepid demand both in its local and export markets.
In Egypt, US PVC offers are $50/ton lower on both ends compared to the late-September levels to be currently reported at $900-940/ton CIF, Alexandria, cash basis.
The producer’s offers are reported at EGP20,420/ton for PVC k67-68, on an ex-Port Said, cash including VAT basis ($1015/ton without VAT).
“We had to step back on our initial hike targets to compete with the falling local and import offers. Demand is moderate as players are expecting further decreases in the import market. Moreover, our operations are smooth and deliveries are regular,” said a producer source.
The same approach was adopted by EPC, the other PVC producer of Egypt, due to the global softening as well as tepid demand both in its local and export markets.
In Egypt, US PVC offers are $50/ton lower on both ends compared to the late-September levels to be currently reported at $900-940/ton CIF, Alexandria, cash basis.
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