29 July 2009 15:31 [Source: ICIS news]
“The force majeure was lifted earlier this week and we still have reduced VCM rates...but are operating the PVC facility at normal levels [for the time of year],” said the source.
The force majeure, which lasted close to four weeks, was declared at the 240,000 tonne/year PVC and 255,000 tonne/year VCM facility in ?xml:namespace>
While a PVC buyer was hopeful that the improved availability would give more flexibility to consumers who were struggling to find material in the snug market, a seller highlighted that the collapsing caustic soda market - a by-product of upstream chlorine - would keep chlorine, and subsequently PVC, operating rates low.
The above plant capacities are according to ICIS plants and projects
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