Egypt’s TCI reveals PVC prices for 2H December
A source from the producer pointed to the globally decreasing trend amidst weaker upstream costs as the main reason behind their price drop. “Overall PVC demand is performing slowly in Egypt and therefore, we prefer to focus on our export business to Turkey and Europe, where we see relatively better buying interest. We do not expect any revival in demand for over the short term and we will continue to keep an eye on the global trend.”
Prior to TCI Sanmar’s announcement, the other local PVC producer EPC had also cut their prices by EGP200/ton ($28/ton) for the second half of December.
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