20 February 2013 09:33 [Source: ICIS news]
SINGAPORE (ICIS)--Thai Plastic and Chemicals (TPC) increased the operating rate at its 140,000 tonne/year No 1 vinyl chloride monomer (VCM) unit located at Map Ta Phut, Thailand, to 100% on 19 February, said a company source on Wednesday.
According to the source, TPC restarted operations at the No 1 VCM unit on 11 February after halting production on 16 January for a brief turnaround.
Full operating rate at the VCM unit is expected to ease TPC’s dependence on imported spot cargoes for downstream polyvinyl chloride monomer (PVC), said market participants.The supply of VCM in Asia has been critically tight following the decommissioning of PETRONAS-owned VCM SB’s 400,000 tonne/year unit located in Kertih since 1 January when the company made the decision to exit the vinyls industry.
Since then, VCM prices in Asia has been on a steady uptrend, exerting upward pressure on downstream PVC prices as well, said market players.
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