19 December 2011 13:19 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Tosoh has shut down its 220,000 tonne polyvinyl chloride (PVC) plant in Guangzhou, China, because of the short supply of vinyl chloride monomer (VCM), caused by shutdowns at two of the chemical company’s Japanese plants, a company source said on Monday.
The first 110,000 tonne/year PVC line in Guangzhou was closed down on 8 December and the second 110,000 tonne/year line closed on 12 December, meaning that the company could not release its official offer of January cargoes, according to the source.
The restart date depends on the supply of VCM, the source added.
Two Tosoh-owned VCM plants in Nanyo, Japan, closed down after the No 2 facility exploded on 13 November, preventing the company from exporting further cargoes, according to the source.
Ethylene-based spot PVC prices rose by yuan (CNY) 100/tonne ($15.7/tonne, €12.1/tonne) to CNY6,900–7,100/tonne on Monday in China’s southern market (according to Chemease data) because of the shutdown of the Guangzhou PVC plant, market players said.
($1 = CNY6.35, €1 = CNY8.27)For more on PVC and VCM visit ICIS chemical intelligence
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