China's Tianjin LG Dagu shuts PVC plant for maintenance

14 October 2013 07:04  [Source: ICIS news]

SINGAPORE (ICIS)--China’s Tianjin LG Dagu Chemical shut its 400,000 tonne/year ethylene-based polyvinyl chloride (PVC) plant on Monday for maintenance, a company source said on Monday.

The shutdown is expected to last five days, the source said.

Prior to the shutdown, the PVC plant in Tianjin was running at full tilt, the source said.

Tianjin LG Dagu is offering PVC at yuan (CNY) 7,200/tonne ($1,176/tonne) EXW (ex-works).

Spot ethylene-based PVC prices in east China were trading at yuan (CNY) 6,900-7,200/tonne EXW on 14 October, according to Chemease, an ICIS service in China.

LG Dagu is a joint venture of South Korea’s LG Chem and China’s Bohai Chemical.

($1 = CNY6.12)

By: Stephanie Zhang

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