Two PVC plants in China shaken by explosions
The same plant had also experienced an explosion previously in February. The plant has been offline since the first accident while sources stated that the restart date remains unclear following the second explosion. “The state administration will conduct safety investigations at the plant,” a source noted.
The plant has a production capacity of 300,000 tons/year of carbide based PVC and 600,000 tons/year of coal while the company’s total production capacity is 1,200,000 tons/year of PVC and 1,800,000 tons/year of coal.
Meanwhile, according to some players in China, there was another explosion occurred at Xinjiang Tianye’s PVC plant on August 7. “We have not received any official information about the explosion until now, yet we heard it from market players,” a source from a Chinese PVC producer said.
A Shanghai-based trader confirmed that they also heard the news, noting, “An explosion occurred at one of the company’s PVC plants on August 7. The plant is able to produce 200,000 tons/year of acetylene-based PVC. We think that the explosions that have occurred recently will push PVC prices even higher in the near term.”
Xinjiang Tianye, a major acetylene-based PVC producer, has a total PVC production capacity of 1.4 million tons/year.
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