21 October 2013 06:17 [Source: ICIS news]
SINGAPORE (ICIS)--China’s SP Chemicals plans to shut its 300,000 tonne/year vinyl chloride monomer (VCM) unit in Jiangsu province for turnaround from 8 November, a company source said on Monday.
The maintenance will last 20 days, the source said.
Meanwhile, the company’s other VCM unit at the site, with a 200,000 tonne/year capacity, is currently running at full capacity, the source said.
Production at the smaller VCM unit will be reduced to 70-80% of capacity from 1 November, the source said.
The 200,000 tonne/year unit had a 25-day turnaround that started 3 September.
VCM prices in China may increase with the expected turnaround and production cuts at SP Chemicals’ facilities given prevailing tight supply in the market, industry sources said.
SP Chemicals is offering VCM at yuan (CNY) 6,450/tonne ($1,057/tonne) EXW (ex-works) on Monday, the company source said.
On 18 October, VCM was assessed at CNY 6,250-6,350/tonne, according to Chemease, an ICIS service in China.
($1 = CNY6.10)
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