Asahimas to turn around Indonesia PVC mid-May

19 March 2008 02:44  [Source: ICIS news]

SINGAPORE (ICIS news)--Asahimas Chemical plans to shut down a 100,000 tonne/year polyvinyl chloride (PVC) line in Indonesia for around a month beginning mid-May for maintenance, a company source said on Tuesday.

The company has three PVC lines with a combined annual output of around 300,000 tonnes at its integrated complex in West Java. The upcoming turnaround meant that its PVC production will be reduced by 10,000 tonnes during the period, the source said.

Producers and traders said the shutdown could tighten supply at a time of good demand in the Indonesian market, adding upward pressure to PVC prices in southeast Asia.

Deals for March cargoes have been concluded at around $1,070-1,080/tonne (€674-680/tonne) CFR (cost and freight) southeast Asia (SE Asia) and prices for April shipments could rise by $40-50/tonne, the company source said.

($1=€0.63)

For more on PVC, visit ICIS chemical intelligence

By: Ng Hun Wei
+65 6780 4359

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