China’s Siping Haohua Chemical shut its PVC plant for maintenance

19 September 2012 09:46  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Siping Haohua Chemical has shut its 250,000 tonne/year polyvinyl chloride (PVC) plant at Siping in Liaoning province on 18 September for a week-long planned maintenance, a company source said on Wednesday.

The PVC plant was operating at 50% capacity before the shutdown, the source added.

Siping Haohua Chemical was offering its PVC cargoes at yuan (CNY) 6,550/tonne ($1,036/tonne) EXW (ex-works) delivery on 18 September, according to the source.

Spot prices of carbide-based PVC in northeast China were assessed at CNY6,400-6,500/tonne EXW on 19 September, a CNY50/tonne increase from 17 September, according to Chemease, an ICIS service in China.

The average operating rates of PVC plants in northeast China were at around 50% capacity on 10 September.

Producers in northwest China have also been reluctant to send their cargoes to northeast China, as they said the gap between the buying prices from both regions was minimal.

Supply in northeast China tightened as a result, with prices rising accordingly.

While end-users have increased their buying enquiries, overall buying interest remained weak as their sales orders did not improve as expected. Most end-users remained cautious in purchasing feedstock. In general, prices for concluded deals were largely stable.

($1 = CNY6.32)

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