09 February 2012 17:54 [Source: ICIS news]
(releads and adds detail in seventh, eighth paragraphs)
LONDON (ICIS)--Arkema and SolVin have declared forces majeures on polyvinyl chloride (PVC) production at facilities in ?xml:namespace>
SolVin's force majeure affects production of grades K70 and K57 produced at its Tavaux facility in
"Stocks [for these grades] are now empty, so customers are experiencing some delays," the SolVin source said.
Production and supply of other grades, which are manufactured indoors, continue as usual.
"Such low temperatures are common for one or two days in winter, but not for so long," the source said.
Arkema was forced to declare force majeure on PVC production at its facility in Berre, southern France, because of the weather, a source at the French producer said.
"Upstream and downstream plants were frozen so we were obliged to declare force majeure," the source said.
Low winter temperatures have caused other outages across the European PVC market, though this could not be immediately confirmed.
Supply constraints have resulted in lower inventories across
Export deals to the key Turkish market were done at $1,030/tonne FOB (free on board) NWE (northwest
Spot business in northwest
According to traders and distributors, European producers are not willing to sell large quantities because of lowering stocks and expectations of higher prices.($1 = €0.75)
Follow Abache Abreu on Twitter
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections