01 March 2013 11:19 [Source: ICIS news]
SINGAPORE (ICIS)--India’s Chemplast Sanmar Ltd plans to undertake a turnaround at its 221,000 tonne/year polyvinyl chloride (PVC) plant in Cuddalore, Tamil Nadu, in early March, a source close to the company said on Friday.
The maintenance turnaround is likely to commence between 6 to 10 March and is expected to last for about 6 days, the source said.
Earlier in February, RIL announced a 12-day turnaround at its 360,000 tonne/year PVC facility in Hazira, Gujarat in first half of March for maintenance.
Market sources estimate the regional turnarounds will cause tightness in PVC supply and bring about a better market acceptance to higher offer prices.
Demand in the region is presently stable-to-soft amid higher PVC resin offers for March shipments.
Furthermore, poor monsoon in parts of Maharashtra and a prolonged winter followed by unseasonal rain led to weak offtake of PVC pipes, affecting resin demand.
Ample availability of cheaper carbide-based PVC cargoes additionally weighed on buying sentiment for ethylene-based PVC cargoes.
However, stronger demand for PVC resin March onwards until the onset of monsoon in June, a traditional PVC purchase peak before the end of the fiscal year on 31 March, is likely to uphold the higher March prices, the source added.
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