30 November 2012 09:18 [Source: ICIS news]
SINGAPORE (ICIS)--Suzhou Huasu Plastics’ 130,000 tonne/year ethylene-based polyvinyl chloride (PVC) plant in Jiangsu province, China, is currently shut because of feedstock shortage, a company source said on Friday.
Plant maintenance will be carried out during the plant’s shutdown, the source said.
“We may restart the plant on 4 December,” he added.
The plant usually procures its feedstock vinyl chloride monomer (VCM) from Japan’s Mitsubishi Corp but shipments hit a snag due to non-availability of vessels.
Suzhou Huasu Plastics has fixed its ex-works (EXW) prices for ethylene-based PVC at yuan (CNY) 6,850-6,900/tonne ($1,100-1,108/tonne) on 30 November, the source said, adding that the company has enough stocks to continue supplying to customers during the shutdown of the PVC plant.
Spot ethylene-based PVC prices in east China were assessed at CNY6,450-6,700/tonne EXW on 30 November, according to Chemease, an ICIS service in China.
“There seems no space for spot market prices to decrease recently, but end-users’ demand was still weak,” a trader said.
($1 = CNY6.23)
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