Sudden production cut! Chi Mei ABS device shutdown maintenance, LG Chemical 610,000 tons of equipment will be reduced by 3-4 percent!
Zhenjiang Chi Mei ABS device 800,000 tons, the market heard, this week 707K, 757K production line equipment failure, stop and repair, The specific repair days are ominous, it is expected to be about 7-10 days, and the maintenance loss is about 3000 tons.
Heard about October 12 around Zhenjiang Qimei 707K and 757K part of the production line failure, there are short-term negative behavior; In addition, since September 15, its 180 and 190 production lines have been repaired by rotation, and the normal production has basically resumed in the early part of October.
Before June 27 around 707K and 757K production lines due to RTO furnace exhaust detection, the device had a brief shutdown. All have not been publicly confirmed by the manufacturer.
In addition, there is news and rumors that due to the force majeure failure of Chi Mei PC production line, PC/PCS orders are temporarily suspended, and the impact period is expected to be about three weeks.
PVC: South Korea LG chemical production reduction, India customs clearance time extension
China calcium carbide price overall increase, Wuhai area mainstream factory prices continue to increase 100 yuan/ton, mainstream factory prices in 3150 yuan/ton. Downstream procurement positive, the weekend rose 50-210 yuan/ton, some of the current trade price upside down serious, the downstream part of the psychological resistance. It is expected that the market will increase the mentality, wait-and-see.
Last week South Korea LG chemical fire impact, its 5 shut down the annual output of 1.16 million tons of naphtha cracker, its current ethylene raw materials tension, its annual output of 610,000 tons of PVC device will reduce production 3-4 percent, LG chemical announced due to the above Lishui device problem, its PVC in November will delay shipment. At present, the company has not announced when the full recovery of production load and resume delivery.
The Indian government announced a new customs policy on September 21, requiring importers to ensure that imported goods are entirely manufactured or produced abroad and that a 35% surcharge has been paid in the host country, previously only the proof provided by the exporter is no longer sufficient. The tightening of the policy will lead to significant delays in the clearance time of Indian customs, which will be extended from 15 to 20 days to 25 to 30 days. A customs clearance time of more than one month will exacerbate cash flow problems for many companies.
The industry has also blamed the container hold-ups for the recent sharp increase in shipping costs, and while the government is trying to improve it, it will take months to ease the container shortage.