Initial August PVC offers emerge in Egypt’s local market
by ChemOrbis Editorial Team - content@chemorbis.com
Egypt’s local PVC producer EPC has issued new offers for the first half of August with a decrease of EGP250/ton ($14/ton) from its latest July offers, reported a source close to the company.
EPC’s new PVC offers are reported at EGP17,000/ton ($950/ton) for PVC k67-68 and at EGP17,800/ton ($995/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.
The source reported that they lowered their offers in order to compete with the softening import offers amid weak trading activities. He added, “Our plant is operating at full capacity and our deliveries are going smoothly. We are also exporting our cargoes this month and we have good stock levels.”
EPC’s new PVC offers are reported at EGP17,000/ton ($950/ton) for PVC k67-68 and at EGP17,800/ton ($995/ton) for k70, on ex-Alexandria, cash excluding VAT basis. The official exchange rate is used for the US dollar calculations.
The source reported that they lowered their offers in order to compete with the softening import offers amid weak trading activities. He added, “Our plant is operating at full capacity and our deliveries are going smoothly. We are also exporting our cargoes this month and we have good stock levels.”
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