China’s Shandong Xinfa Group to shut two PVC lines on 26 May

24 May 2013 09:12  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Shandong Xinfa Group planned to shut two of the lines at its 600,000 tonne/year carbide-based polyvinyl chloride (PVC) plant, located in Shandong province, on 26 May, a company source said on Friday.

The two lines, with a combined capacity of 400,000 tonnes/year, will be shut for regular maintenance, and it may last for about 15 days, the source added.

As Shandong Xinfa Group is the biggest carbide-based PVC producers in Shandong province, its plant maintenance shutdown would impact the PVC prices in the province, a trader said.

In response to the maintenance plan, carbide-based PVC prices in Shandong province rose to yuan (CNY) 6,400-6,500/tonne ($1,042-1,059/tonne) EXW (ex-works) on 24 May from CNY6,370-6,450/tonne in the previous week, according to Chemease, an ICIS service in China.

($1 = CNY6.14)

By: Cookie Han

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