19 August 2013 04:57 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) plans to shut its 500,000 tonne/year polyvinyl chloride (PVC) at Mailiao for two weeks of maintenance in September, a source close to the company said on Monday.
The company will be running its PVC plant at full capacity in August, but it will reduce its PVC exports in September on the back of the maintenance shutdown, the source said without disclosing the specific volumes.
FPC has hiked its official offers for September-loading PVC cargoes by $30.00/tonne (€22.50/tonne) in the previous week from August prices, market sources said.
Prices stood at $1,050/tonne CFR (cost & freight) China, at $1,050/tonne CFR SE (southeast) Asia and at $1,070/tonne CFR India, the sources said.
($1 = €0.75)
Additional reporting by Stephanie Zhang
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