31 January 2013 08:32 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Dongyue Chemical shut its 120,000 tonne/year carbide-based polyvinyl chloride (PVC) plant in Shandong province for regular maintenance from 30 January, a company source said on Thursday.
The company was running the plant at 20-30% of capacity before the maintenance shutdown, which may last for more than 15 days, the source said.
The shutdown is unlikely to impact the PVC prices as trading is limited amid weak demand, a trader said.
End-users will shut their plants for more than 15 days next month for Lunar New Year holiday, the trader added.
Spot ethylene-based PVC prices in north China were at yuan (CNY) 6,250-6,320/tonne ($1,005-1,016/tonne) EXW (ex-works) 31 January, unchanged from 29 January, according to Chemease, an ICIS service in China.
($1 = CNY6.22)
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections