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)
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