25 August 2011 09:37 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) plans to shut its chlor-alkali and vinyl facilities in Mailiao for roughly two weeks of maintenance in the first half of September, sources close to the company said on Thursday.
The plants include a 1.18m tonne/year ethylene dichloride (EDC) unit, an 800,000 tonne/year vinyl chloride monomer (VCM) unit, a 500,000 tonne/year polyvinyl chloride (PVC) unit and a caustic soda unit with a total capacity of 1.33m tonnes/year.
“However, the turnaround still depends on the local government’s decision so we are not sure whether there would be some changes,” one of the sources added.
The chlor-alkali and vinyl plants are currently operating at around 50-60% and FPC does not have any official EDC offers for the time being, a source said.
However, sluggish demand in China as well as the uncertainty in the economic outlook resulted in the majority of buyers adopting a wait-and-see approach, hampering trades, market sources said.
($1 = €0.69)
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