Hangzhou Electrochemical to turn around PVC plant

28 June 2007 12:51  [Source: ICIS news]

SHANGHAI (ICIS news)--Chinese polyvinyl chloride (PVC) producer Hangzhou Electrochemical Group plans to shut down its PVC plant on 3 July for a scheduled turnaround, a company source said on Thursday.

 

The 60,000 tonne/year carbide-based PVC plant planned to shut down for about five days, the source added.

 

Although the shutdown will decrease its PVC output into the market by a few hundred tonnes, market sources said the move is unlikely to halt east China PVC prices from further falls.

 

The carbide-based PVC EXWH (ex-warehouse) price in east China was now in a range of CNY7, 250-7,350/tonne ($951-965/tonne), CNY 600/tonne lower than 20 days ago on bearish market sentiment and thin downstream demand, traders said.

 

Hangzhou Electrochemical, located in Hangzhou, Zhejiang, also runs a 110,000 tonne/year caustic soda plant.

 

($1 = CNY7.62)

 

By: Carol Li
+65 67804359

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