S Korea’s Hanwha Chemical eyes turnaround for Ulsan PVC plant

04 July 2012 08:47  [Source: ICIS news]

SINGAPORE (ICIS)--South Korea’s Hanwha Chemical plans to shut its 200,000 tonne/year polyvinyl chloride (PVC) plant at Ulsan in October for a turnaround, a company source said on Wednesday.

The maintenance period will last for two weeks, the source added.

Hanwha also operates a 350,000 tonne/year PVC unit at Yeosu and a 300,000 tonne/year PVC facility at Ningbo in China.

The producer has concluded most PVC spot negotiations for July shipments over the last few weeks and has yet to release August offers.

PVC prices were last assessed by ICIS at $850870/tonne (€672-687/tonne) CFR (cost & frieght) China and $860920/tonne CFR India on 29 June.

($1 = €0.79)

By: Feliana Widjaja

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