China's Tianjin LG Dagu shuts PVC plant for six days of maintenance

07 August 2012 09:18  [Source: ICIS news]

SHANGHAI (ICIS)--Tianjin LG Dagu Chemical shut its 400,000 tonne/year ethylene-based polyvinyl chloride (PVC) plant at Tianjin in northern China for six days of regular maintenance on 6 August, a company source said on Tuesday.

The company was running at 100% of capacity before the shutdown, said the source.

It offered its PVC products at yuan (CNY) 6,900–7,000/tonne ($1,083–1,099/tonne) EXW (ex-works) on 7 August, added the company source.

The shutdown will have little impact on the spot market due to its short period, said traders.

Spot ethylene-based PVC prices in east China were assessed at yuan (CNY) 6,700–7,100/tonne EXW on 7 August, according to Chemease, an ICIS service in China.

Tianjin LG Dagu Chemical is a joint venture between South Korea’s LG Chemical and China’s Bohai Chemical.

($1 = CNY6.37)

By: Stephanie Zhang

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