06 May 2011 06:29 [Source: ICIS news]
The current operating rate of its PVC plant is hovering at around 70% while its caustic soda unit is running at 70-80%, the source added.
The production complex, which consists of three caustic soda lines with a combined annual capacity of 370,000 dry metric tonnes, two vinyl chloride (monomer) (VCM) lines with a combined capacity of 400,000 tonnes/year, and three PVC lines with a combined capacity of 300,000 tonnes/year, were partially shut down for one month in early April.
One of its VCM lines, which contributes about 40% of the company’s output, remains offline and is scheduled to restart on 12 or 13 May, the source said.
Similarly, the company is fulfilling its domestic requirements for PVC and will only offer spot parcels in early June, the company source said.
The tight supply of caustic soda and PVC in the region is expected to persist in the near term because Asahimas Chemical is not contributing supply to the spot market, according to market sources.
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