22 July 2013 10:48 [Source: ICIS news]
SINGAPORE (ICIS)--China's Shaanxi Jintai Chlor-Alkali Chemical restarted its 100,000 tonne/year polyvinyl chloride (PVC) unit at Yulin, Shaanxi province, on 20 July after shutting it for 10 days of maintenance, a company source said on Monday.
The producer is in the process of raising the unit’s run rate and expects to achieve 100% capacity by the end of the week, the source said.
The company was running the plant at full capacity before the shutdown, the source added.
Shaanxi Jintai raised its PVC offer in consideration of the tight supply in east and south China, in line with other carbide-based producers’ hikes.
Its PVC offer was at yuan (CNY) 6,550/tonne ($1,067/tonne) EXW (ex-works) on 22 July, up by CNY150/tonne compared with its offer prior to the plant shutdown, according to data from Chemease, an ICIS service in China.
The restart is expected to have little impact on the Shaanxi spot PVC market because of the plant’s small capacity, a market participant said.
($1 = CNY 6.14)
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