China’s Xinjiang Zhongtai Chemical to start new PVC plant in 2012

30 March 2012 09:44  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Xinjiang Zhongtai Chemical is planning to start up its new 800,000 tonne/year calcium carbide-based polyvinyl chloride (PVC) plant in the second half of 2012 in Xinjiang province, a company source said on Friday.

“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 China after the expansion is completed, the source added.

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 China.

Xinjiang Zhongtai sold PVC product at yuan (CNY) 6,850/tonne EXW (ex-works) ($1,087/tonne) with partial acceptance in east China on 29 March, according to data from Chemase.

The spot PVC prices in east China market were assessed at CNY6,600-6,650/tonne EXW on 29 March, according to Chemease.

“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

By: Cookie Han

AddThis Social Bookmark Button

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.

Printer Friendly