Third force majeure declaration on PVC supplies in US
Mexichem became the third producer that issued force majeure after Harvey as it followed the force majeure declaration of QxyChem both from Deer Park and Pasadena, Texas on August 31. Even before Qxy, Formosa had declared force majeure on PVC as well as its PP, PE and chlor-alkali supplies from Point Comfort. Formosa owns a 736,000 tons/year chlor-alkali plant, a 753,000 tons/year of EDC/VCM plant and a 798,000 tons/year of PVC plant at its Point Comfort Texas.
More free plastics newsPlastic resin (PP, LDPE, LLDPE ,HDPE, PVC, GPS; HIPS, PET, ABS) prices, polymer market trends, and more...
- China PP price uptrend intact after holidays despite local supply pressure
- Saudi PP, PE markets reverse course in Feb after 8 months, maintenance schedule busy in Mid-East
- Freight carriers aim to manage supply-demand balance by blanking more sailings
- PP and PE markets set to rebound from two-year lows in Europe
- PET sellers hunt for signs of market bottom in Europe
- India’s import PP, PE markets rebound in Jan after several months of declines
- Tight supplies keep Asian PVC markets bullish
- Crude oil market sentiment turns in favour of bulls
- Will European PVC take a breather from 9-month downtrend in February?
- Supply limitations bolster Feb PP and PE outlook in Turkey