S Korea’s LG Chem mulls Aug ethylene tender

10 July 2008 07:32  [Source: ICIS news]

SINGAPORE (ICIS news)--South Korea’s LG Chem is considering issuing a tender to sell 5,000 tonnes of ethylene in the spot market for early August loading, a company source said on Thursday.

The producer was expected to have some surplus ethylene due to an impending shutdown at its vinyls unit LG Bohai in Tianjin, northern China.

The plant, which can produce 300,000 tonnes/year of ethylene dichloride (EDC) and 350,000 tonnes/year of vinyl chloride monomer (VCM), was expected to be shut down for 20 days of maintenance starting 4 August.

"We can sell the material on a spot basis or accumulate inventories. We have not decided yet," he said, adding that a decision would be made in the coming weeks.

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By: Peh Soo Hwee
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