China’s Tianjin LG Dagu to shut PVC plant on 20 August

01 August 2013 07:02  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Tianjin LG Dagu Chemical plans to shut down its 400,000 tonne/year ethylene-based polyvinyl chloride (PVC) plant for five days of maintenance from 20 August, a company source said on Thursday.

The plant is currently running at full capacity, the source said.

Tianjin LG Dagu Chemical is currently offering PVC at yuan (CNY) 7,200/tonne ($1,175/tonne) CFR (cost & freight).

Spot ethylene-based PVC prices in east China were assessed at CNY 7,050-7,250/tonne ($1,143-1,175/tonne) CFR (cost & freight) on 31 July, according to Chemease, an ICIS service in China.

Supply of ethylene-based PVC may tighten in north China during the shutdown of Tianjin LG Dagu’s plant, but the impact on prices may be muted because of bearish demand, a local trader said.

The company is a joint venture between South Korea’s LG Chem and China’s Bohai Chemical.

($1 = €0.75 /  $1 = CNY6.13)

By: Stephanie Zhang

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