24 March 2008 21:04 [Source: ICIS news]
HOUSTON (ICIS news)--The Petroleos Mexicanos (Pemex) vinyl chloride monomer (VCM) plant in Veracruz restarted over the weekend after a six-week turnaround for scheduled maintenance, a VCM buyer in Mexico said on Monday.
The 400,000 tonnes/year capacity plant at the Pajaritos petrochemical complex near the Gulf port city ?xml:namespace>
The plant was originally scheduled to restart on 17 March but was delayed for a week due to a late shipment of replacement parts, sources said.
Pemex did not immediately return a call for comment.
After the restart, sources said it would produce VCM at a rate of about 16,000 tonnes/month, or 71% of its normal production rate of about 22,500 tonnes/month, which is still well below the plant’s full production capacity, the buyer said.
The plant outage contributed to a recent increase of US VCM spot prices, assessed at $770-810/tonne FOB (free on board) USG (US Gulf) during the week ended 21 March, an increase of $50/tonne (€33/tonne) from mid-February, according to global chemical market intelligence service ICIS pricing.
Buyers said they hoped the restart would help reduce US VCM spot prices in the second quarter.
($1 = €0.65)
For more on VCM visit ICIS chemical intelligence
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