China’s Binzhou Ocean Chemical to restart PVC unit on 10 May

06 May 2013 10:22  [Source: ICIS news]

SINGAPORE (ICIS)--China-based Binzhou Ocean Chemical plans to restart its 200,000 tonne/year polyvinyl chloride (PVC) plant at Binzhou in Shandong province on 10 May, following 10 days of maintenance, a company source said on Monday.

The company was running the plant at 60-70% of capacity before it was shut on 1 May for maintenance, the source added.

The latest offer from the producer was at yuan (CNY) 6,400/tonne ($1,037/tonne) EXW(ex-works) before the shutdown, according to the source.

The PVC prices have increased because of the reduced supply as a result of the shutdown, market sources said.

Spot PVC prices in Shandong province were at yuan (CNY) 6,320-6,380/tonne on 5 May, up by CNY20-60/tonne compared with CNY6,300-6,320/tonne before the shutdown, according to Chemease, an ICIS Service in China.

($1 = CNY6.17)

By: Vivian Jiao

AddThis Social Bookmark Button

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly