Egyptian PVC provides competitive edge in Turkey

In Turkey, Egyptian PVC offers have shown up recently at competitive prices, which is right in line with the Egyptian producers’ focus on their export business upon facing disappointing local demand in the midst of tight liquidity.

A source from one of the local producers, EPC, reported, “Our plant is running at full rates and we are also exporting our materials this month. However, sales activities are low both in local and export markets.” A source from TCI Sanmar, the other local producer of Egypt, said that their exports are performing better than the domestic sales. “Our plant is running at full capacity and we are delivering to our customers smoothly,” he added.

In Turkey, non-dutiable Egyptian PVC k67 offers were reported at $885-900/ton CIF Turkey, cash, which exerted a downward pressure on regular European cargos which were priced at $935-940/ton CIF, cash so far this week. “We realize that more manufacturers are eager to consume Egyptian origins recently given their attractive prices against European PVC materials,” a profile converter reported.

A pipe manufacturer, meanwhile, commented, “The domestic producer Petkim had to decrease its offers due to the emergence of competitively-priced Egyptian materials.” The producer lowered its list PVC prices by $25/ton on Tuesday.