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Egypt’s local PVC producers issue PVC offers for H1 July

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/07/2017 (16:34)
Egypt’s local PVC producers, EPC and TCI Sanmar, revealed their new PVC offers for the first half of July, according to sources close to the companies. EPC maintained its offers at its latest June offers while TCI Sanmar elected to increase its offers by EGP200/ton ($11/ton) from its most recent June levels.

EPC’s new PVC offers are reported unchanged at EGP17,500/ton ($968/ton) for PVC k67-68 and at EGP18,300/ton ($1013/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.

“We cannot foresee demand yet as players are not fully back from the Eid holidays; however, we are optimistic about the upcoming market sentiment,” said a producer source.

Meanwhile, TCI Sanmar increased its offers to EGP20,100/ton for PVC k67-68, on an ex-Port Said, cash including VAT basis ($976/ton without VAT).

The producer said that they are seeing good demand, adding that their operations are going normal and they are delivering smoothly both to the local and their export markets.
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