07 February 2013 18:28 [Source: ICIS news]Correction: In the ICIS story headlined "Mexichem stopping PVC production for seven days due to lack of VCM" dated 7 February 2013, please read in the fourth paragraph…in late 2012… instead of … in late 2013…. A corrected story follows.
HOUSTON (ICIS)--Mexichem is shutting down polyvinyl chloride (PVC) production in Mexico for seven days starting today because of the lack of feedstock vinyl chloride monomer (VCM), sources close to the company said on Thursday.
VCM suppliers Pemex in Mexico and Axiall in the US have had production issues and have not been able to deliver the monomer, sources in Mexico said.
PPG Industries’ (now Axiall) declaration of force majeure on VCM has not been lifted, and no update was available on when Axiall would restart VCM shipments, sources in Mexico said.
Pemex underwent a maintenance turnaround in late 2012 and had problems restarting in December as originally scheduled. Sources in Mexico said Pemex restarted and regularised VCM production this week.
Industry participants said that PVC availability in Mexico could be tight until inventories are balanced once VCM supply and PVC production return to normal.
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