China's Hangzhou Elion Chemical to shut PVC plant for maintenance

23 May 2012 09:27  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Hangzhou Elion Chemical is planning to shut its 500,000 tonnes/year calcium carbide-based polyvinyl chloride (PVC) plant at Erdos in Inner Mongolia for 15 days of maintenance on 25 May, a company source said on Wednesday.

The company is currently running the plant at full capacity, the source said.

Spot PVC prices in northwest China were assessed at yuan (CNY) 6,350–6,450/tonne ($1,005–1,021/tonne) EXW (ex-works) on 23 May, according to Chemease, an ICIS service in China. 

PVC off-take rates in the domestic market were limited on weak downstream demand and most market players were adopting a wait-and-see attitude, a market player said.

Hangzhou Elion Chemical manufactures PVC, caustic soda, liquid chlorine and hydrochloric acid.

($1 = CNY6.32)

By: Stephanie Zhang

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