04 September 2013 10:04 [Source: ICIS news]
SINGAPORE (ICIS)--China-based Zhenjiang Liancheng Chemical Industry started up its new 150,000 tonne/year polyvinyl chloride (PVC) plant on 4 Sep, a company source said on Wednesday.
After the expansion, the current total capacities of PVC plants are at 450,000 tonnes/year, the source added.
Zhenjiang Liancheng, has plans for expansion and will start up its fourth 150,000 tonne/year PVC line. As planned, the company will have 600,000 tonnes/year of PVC capacity at the end of 2013.
The company’s offer for PVC was at yuan (CNY) 7,200-7,300/tonne ($1,176-1,193/tonne) EXW (ex-works) on 4 September, according to market sources.
Spot ethylene-based PVC prices in East China were assessed at CNY7, 050-7,200/tonne EXW on 4 Sep, according to Chemease, an ICIS service in China.
($1 = CNY6.12)
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