Malaysia VCM shuts down 440,000 tonne/year plant at Kerteh

03 December 2010 09:20  [Source: ICIS news]

SINGAPORE (ICIS)--Vinyl Chloride (Malaysia), commonly known as Malaysia VCM, shut down its 440,000 tonne/year vinyl chloride monomer (VCM) plant at Kerteh, in Terengganu state, early this week for unplanned maintenance, a source close to the company said on Friday.

The plant was expected to be shut for around nine days, the source said.

Market players said depending on the duration of the shutdown it could have an impact on the region’s VCM prices.

Prices of Asian VCM for the week ending 26 November were assessed by ICIS at $860-890/tonne (€654-676/tonne) CFR (cost & freight) SE (southeast) Asia.

About 98% of VCM is used as raw material for the manufacture of polyvinyl chloride (PVC).

Vinyl Chloride (Malaysia) is a subsidiary of Petronas.

($1 = €0.76)

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By: Aaron Cheong

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