20 September 2012 10:30 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Inner Mongolia Chenhongli Chemical restarted its 50,000 tonne/year carbide-based polyvinyl chloride (PVC) plant in Inner Mongolia on 18 September, a company source said on Thursday.
The company shut down the plant on 11 September for scheduled maintenance, the source said. Due to the maintenance, the company has no inventory in stock.
“Although spot market prices increased recently, there seemed [to be] no improvement in end-user demand,” a trader said. “We still [hold] a pessimistic attitude to market outlook. The transaction volume in [the] domestic market was limited”
Spot carbide-based PVC prices in northwest China were assessed at yuan (CNY) 6,100-6,250/tonne ($967-990/tonne) ex-works, according to Chemease, an ICIS service in China.
($1 = CNY6.31)
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