28 February 2013 03:28 [Source: ICIS news]
SINGAPORE (ICIS)--Japan’s Tokuyama will be carrying out five-day turnaround at its 330,000 tonne/year vinyl chloride monomer (VCM) plant in Yamaguchi prefecture from Thursday, a company source said.
Tokuyama will not be offering any VCM cargo until late March, the source said, citing a lack of available spot cargoes.
VCM prices have been rising since the start of the year mainly because of tight supply in the Asian and US VCM markets. In Asia, supply tightened as Vinyl Chloride (Malaysia), a subsidiary of Malaysia’s state-owned energy firm PETRONAS, decommissioned its Kertih-based 400,000 tonne/year VCM unit on 1 January, market participants said.
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