Karachi November 02, 2021: Farmosa is all set to increase its polivinyl Chloride (PVC) price in the USA by USD110/ton effective from 01, November 2021. PVC is a construction staple used to make pipes, window frames, vinyl siding and other products.
The announcement came after Hurricane Ida's Aug. 29 landfall in Louisiana prompted five US PVC plants representing 41% of North American PVC capacity to shut down.
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Days later, Shintech shut its 1.45 million mt/year PVC plant in Freeport, Texas, on a lack of upstream vinyl chloride monomer feedstock. Olin had shut its 835,000 mt/year VCM plant in Freeport because of an equipment failure, according to sources familiar with both companies' operations.
Shintech's shutdown pushed PVC capacity offline to 59%, though the Louisiana operations have since been working to restart, first bringing upstream units online.
Formosa's 513,000 mt/year PVC unit in Baton Rouge, Louisiana, was among PVC plants that shut ahead of Ida's landfall, but was the first to begin restarting, sources familiar with company operations said. The plant resumed normal output over the weekend of Sept. 11.