17 September 2013 07:49 [Source: ICIS news]
SINGAPORE (ICIS)--South Korea’s Hanwha Chemical plans to take three of its Ulsan-based ethylene vinyl acetate (EVA)/low density polyethylene (LDPE) swing plants off line for scheduled maintenance from 15 to 28 October, a company official said on Tuesday.
Each of the three plants has a production capacity of 40,000 tonnes/year and they are producing EVA full swing at 90-95% capacity, he said.
The Ulsan plants manufacture EVA with 15% to 40% VA (vinyl acetate) content, the official said.
The company last shut the plants for the twice yearly turnaround in the first quarter.
Citing limited supply, the company is eyeing a $60/tonne (€45/tonne) increase on prices for October EVA shipments, he added. Discussions for October shipments are expected to commence in the coming weeks.
The producer had earlier finalised September shipments of the 18% VA content EVA at $1,700/tonne CFR (cost & freight) India and $,1660/tonne CFR China, he said.
EVA resin can be used to produce injection products, agricultural films, foam products, hot-melt adhesives, electric wires and cables. It is also used in the manufacturing of solar panels, construction materials, inks and coatings.
Major EVA producers in Asia include Taiwan’s Formosa Plastics Corp (FPC) and USI Far East; South Korea’s Lotte Chemical Corp and Samsung Total; Japan’s Sumitomo Chemical, DuPont-Mitsui Polychemicals and Tosoh Corp; China’s YPC-BASF (BYC), Beijing Organic and DuPont Packaging & Industrial Polymers; Singapore’s The Polyolefin Co (Singapore) and Thailand’s TPI Polene.
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