29 August 2013 05:19 [Source: ICIS news]
SINGAPORE (ICIS)--Taiwan’s Formosa Plastics Corp (FPC) will be shutting its 800,000 tonne/year vinyl chloride monomer (VCM) facility in Mailiao for scheduled maintenance in September, a company source said on Thursday.
The turnaround is expected to last for a month, added the source. The specific timeline of the turnaround was not immediately available.
Supply of VCM in Asia has been curtailed by the decommissioning of a 400,000 tonne/year plant owned by PETRONAS-owned Vinyl Chloride (Malaysia).
FPC’s turnaround is expected to tighten VCM supply further and lend support to VCM and downstream polyvinyl chloride (PVC) prices in the near term, according to market players.
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.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections