11 March 2013 07:36 [Source: ICIS news]
SINGAPORE (ICIS)-- China’s Hebei Shenghua Chemical, a subsidiary of Haohua Chemical Group, plans to restart its two polyvinyl chloride (PVC) units, with a combined capacity of 500,000 tonnes/year, at Zhangjiakou in Hebei province on 14 March, a company source said on Monday.
The company was running the PVC units at 70% of capacity before the maintenance shutdown, which started from 7 March, the source added.
The shutdown has limited impact on the domestic PVC market amid abundant supply, a trader said.
The offers quoted by the producer were at yuan (CNY) 6,350/tonne ($1,021/tonne) EXW (ex-works) on 11 March, unchanged from 6 March, according to Chemease, an ICIS Service in China.
($1 = CNY6.22)
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