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Egyptian TCI Sanmar issues Nov PVC prices

by ChemOrbis Editorial Team - content@chemorbis.com
  • 03/11/2014 (09:48)
The Egyptian PVC producer TCI Sanmar issued November prices for the local market with a decrease of EGP100/ton ($14/ton) at EGP8650/ton ($1100/ton) ex-Port Said, Egypt, cash basis.

A source at the company reported, “The plant is operating at full capacity, but we’ll be delivering limited quantities to the local market as we will be focused on meeting our export commitments. Local demand is slow as is demand from the Turkish market, but it has improved in Europe. Generally players are waiting now because they expect to see further softness ahead due to falling ethylene costs. However, inventory levels are not very high on the converters’ side and they will have to return to make fresh purchases soon.”
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