Japan’s Keiyo Monomer schedules VCM turnaround for February

30 November 2011 11:03  [Source: ICIS news]

SINGAPORE (ICIS)—Japan’s Keiyo Monomer has scheduled a month-long turnaround at its 200,000 tonne/year vinyl chloride monomer (VCM) plant at Chiba in mid-February next year, a source close to the company said on Wednesday.

The VCM producer released its offer for December shipment cargoes at $860/tonne (€1,143/tonne) CFR China last week but a deal has yet to materialise due to the wide gap in buy-sell ideas, market sources said.

Import prices of VCM to northeast Asia have risen by $60-90/tonne (€45-68/tonne) on tight supply.

But downstream demand in the polyvinyl chloride (PVC) market in China remains languid, which has dented buying interest for VCM, the sources added. 

Keiyo Monomer is a subsidiary of the glass, electronics and chemical group Asahi Glass Co, a core company of the Mitsubishi group.

VCM is chiefly used to produce the polymer polyvinyl chloride

($1 = €0.75)

For more on VCM visit ICIS chemical intelligence  

By: Feliana Widjaja

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