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Egypt’s domestic PVC producers reveal PVC prices for 2H of Jan

by ChemOrbis Editorial Team -
  • 15/01/2015 (16:42)
In Egypt, domestic PVC producers EPC and TCI Sanmar issued their new prices for the second half of the month. The producers followed similar pricing policies as they both announced rollovers for the latter part of January.

Accordingly, EPC continues to offer PVC k67-68 at EGP7000/ton ($979/ton) and k70 at EGP7150/ton ($1000/ton) on ex-Alexandria, cash not including VAT basis. A source from the producer commented, “Import US offers keep recording weekly decreases, but we elected to roll over our prices as we are trying to maintain the current local market levels and prevent further losses. Meanwhile, we are seeing slightly better demand and are holding comfortable stocks,” he added. EPC is not planning to export any PVC cargoes in January.

On another note, TCI Sanmar is offering PVC k67-68 at EGP7750/ton ($985/ton without VAT) on ex-Port Said, cash including VAT basis. “We hold adequate stock levels and we still prefer to focus on our export business rather than our local business. We continue to deliver in limited amounts to the local market. We think that overall buying interest is slightly better when compared with December,” said a source from the producer.
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