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)
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