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)
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