07 February 2013 07:56 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Keiyo Monomer will be shutting its Chiba prefecture-based 200,000 tonne/year vinyl chloride monomer (VCM) plant in mid-February for a scheduled maintenance turnaround, said a company source on Thursday.
The turnaround will last for around a month until mid-March, added the source.
Market participants expect the temporary shutdown of Keiyo Monomer’s VCM unit to weigh further on the tight supply of VCM spot cargoes as the company exports most of its VCM spot cargoes on top of selling to the domestic Japanese market.
Furthermore, this shutdown is expected to impact demand for upstream ethylene dichloride (EDC) cargoes as well, since Keiyo Monomer would not be purchasing EDC lots during February and March for VCM production during the shutdown period, said market participants.
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