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TCI Sanmar cuts PVC prices to Egypt

by ChemOrbis Editorial Team -
  • 02/06/2015 (17:31)
In Egypt, a source from TCI Sanmar reported that the producer revealed their new June PVC prices for the first half of the month. The producer elected to issue EGP250/ton ($33/ton) decreases on their k67-68 prices, bringing their new prices to EGP8600/ton ($1025/ton) on an ex-Port Said, cash inc VAT basis.

“In order to be able to compete with decreasing import prices, we decided to cut our local prices. However, we have recently lifted our plant’s operating rates as we see good demand from Europe, where supplies are limited. Demand is supportive in Europe and therefore, we lifted our export prices to that region.”

Prior to TCI Sanmar’s decrease, the other local producer, EPC, also decreased their June PVC prices by EGP200/ton ($26/ton). The producer also pointed to declining import market levels as well as the impending Ramadan as the reasons for their price drop.
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