Arkema restarts VCM plant at Fos, Berre PVC force majeure remains

14 March 2012 16:18  [Source: ICIS news]

LONDON (ICIS)--French specialty chemical firm Arkema has restarted its vinyl chloride monomer (VCM) plant in Fos-sur-Mer, southern France, after a weather-related shutdown in February, a company source said on Wednesday.

The force majeure declared on polyvinyl chloride (PVC) supplies from Arkemas nearby Berre facility remains in place because of feedstock VCM scarcity.

Several production outages have led to limited supply in the European PVC and chlor-vinyl markets, causing greater price increases for material than suggested by the February feedstock ethylene settlement.

European PVC production rates have increased over the past two weeks, as four major producers have restarted operations after weather-related production outages.

However, inventory levels are still low and availability for spot and export business is limited.

($1 = €0.76)

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By: Abache Abreu
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