09 November 2012 06:26 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Dezhou Shihua Chemical plans to restart its 300,000 tonne/year polyvinyl chloride (PVC) plant in Shandong province on 10 November after completing maintenance, a company source said on Friday.
The plant was operating at 80% of capacity before it was taken off line on 5 November, the source said.
Dezhou Shihua Chemical was offering PVC at yuan (CNY) 6,280/tonne ($1,003/tonne) EXW (ex-works) on 9 November, the source said.
Spot carbide-based PVC prices in north China were assessed at CNY6,250-6,300/tonne EXW on 9 November, according to Chemease, an ICIS service in China.
“With the weather getting cold, demand in northern district is expected to decline. Most end-users purchase to meet their immediate needs as they expect PVC prices to fall further,” a local trader said.
($1 = CNY6.26)
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