18 February 2013 08:29 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Shandong Dongyue Chemical restarted its 120,000 tonne/year carbide-based polyvinyl chloride (PVC) plant located in Shandong province on 16 February after completing its maintenance, a company source said on Monday.
The plant was shut for maintenance on 30 January.
“We are improving the operating rate, and we plan to run the plant at full rate,” the source added.
“Most end-users in Shandong province are not back to the market yet, and they may restart their plants next month. So transaction volume remained limited,” a trader said.
The company has limited spot cargo availability following the plant’s maintenance shutdown. Its offer of PVC cargoes is at yuan (CNY) 6,500/tonne ($1,043/tonne) EXW (ex-works).
Spot ethylene-based PVC prices in north China were assessed at CNY6,300-6,400/tonne EXW on 18 February, according to Chemease, an ICIS service in China.
($1 = CNY6.23)
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