30 March 2012 09:44 [Source: ICIS news]
“The plant is divided into two phases. The first phase, a 400,000 tonne/year PVC unit, is scheduled to start up in August while the second phase with the remaining 400,000 tonne/year capacity will start up in November,” the source said.
Financial details of the project were not immediately available.
The company will become the largest PVC manufacturer in
The producer currently has a combined PVC capacity of 900,000 tonne/year at full operating rates in Xinjiang, according to Chemease, an ICIS service in
Xinjiang Zhongtai sold PVC product at yuan (CNY) 6,850/tonne EXW (ex-works) ($1,087/tonne) with partial acceptance in east
The spot PVC prices in east
“The start-up at the plant is likely to weigh on the over-supply situation in the domestic market,” a PVC market player said.
($1 = CNY6.30)
By: Cookie Han
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