05 July 2012 08:32 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Dongyue Chemical on 5 July restarted its 120,000 tonne/year polyvinyl chloride (PVC) unit at Zibo in Shandong province, a company source said on Thursday.
The producer’s PVC unit, which was running at full capacity in June, was shut down on 2 July for scheduled maintenance, the source added.
However, the producer is running the plant at a low rate following the restart, the source said without specifying the operating rate.
The producer has not started offering PVC in light of its low inventory levels.
Shandong Dongyue’s PVC offers were at yuan (CNY) 6,600/tonne ($1,039/tonne) EXW (ex-works) on 1 July, before the plant was shut, according to the company source.
The shutdown did not have an effect on the spot market because of the short turnaround period, traders said.
($1 = CNY6.35)
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