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Article: PVC manufacturers beat by overcapacity.(M & A, Business & Trade)
- Article from:
- China Chemical Reporter
- Article date:
- May 26, 2009
- Author:
CopyrightCOPYRIGHT 2009 China National Chemical Information Center. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The negative impact the financial crisis brought to the chlor-alkali sector has been actually tasted by China's chlor-alkali firms throughout 2008, and also made the sector's hidden troubles appear. The overcapacity in China's chlor-alkali sector, the biggest trouble for the sector, resulted in a low operation rate. The overcapacity worldwide and the softening demand hindered China's polyvinyl chloride (PVC) exportation that was 752 thousand tons in 2007 and 667 thousand tons in 2008. The frequent fluctuation in prices of coal and petroleum caused a huge risk in keeping stock of raw materials. The increased pressure from the environmental protection was also a common ...
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