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Egypt’s TCI Sanmar rolls over local PVC prices for Dec

by ChemOrbis Editorial Team - content@chemorbis.com
  • 02/12/2014 (11:53)
Egypt’s second domestic PVC producer TCI Sanmar reported rolling over their prices for the first half of the month. The producer is running their plant at full rates but is allocating most of their production to the export markets. Prior to TCI Sanmar, the other PVC producer, EPC, also rolled over their prices for the first half of December, but the producer had added that they were offering discounts of up to 2% depending on purchasing volumes.

“At the moment, converters are still buying as they need to continue with their operations but distributors mostly shy away from the market anticipating lower prices in the days ahead.”

The producer’s offers remain at EGP8400/ton ($1069/ton without VAT) on an ex-Port Said, cash including VAT basis.
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