Egypt’s local PVC producers issue offers for H2 July

Egypt’s local PVC producers, EPC and TCI Sanmar, revealed their new PVC offers for the second half of July, according to sources close to the companies. TCI maintained its offers at its initial July offers while EPC applied decreases of EGP250/ton ($14/ton) on its PVC k67-68 and k70 offers from its most recent July levels.

EPC decreased its offers to EGP17,250/ton ($960/ton) for PVC k67-68 and to EGP18,050/ton ($1006/ton) for PVC k70, all on an ex-Port Said, cash excluding VAT basis.

Meanwhile, TCI Sanmar’s new PVC offers are reported unchanged at EGP20,100/ton ($983/ton without VAT) for PVC k67-68 on ex-Alexandria, cash including VAT basis. The official exchange rate is used for the US dollar calculations.

A source from the producer commented, ”Demand is slow. Our operations are going smoothly at our plant and our allocations are sufficient. The market outlook is uncertain.”