Shin-Etsu eyes Shell to lift FM on PVC
A source close to the company reported, “The force majeure on k67 supplies remains in place while we are currently producing other grades regularly. However, we still don’t know whether specialty grades will be affected by the force majeure. Moreover, we have no plan to lift the force majeure as long as Shell’s force majeure on its ethylene supplies remains in place. As we have already wrapped up our August business, this will not have a huge impact for this month, although the September business might be affected.”
Meanwhile, spot ethylene prices in Europe reached the highest levels since mid-June, according to weekly average levels on ChemOrbis Price Wizard.
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