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Westlake shuts Louisiana PVC plant for maintenance: source

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Westlake shuts Louisiana PVC plant for maintenance: source

Houston — Westlake Chemical has shut an 861,825 mt/year polyvinyl chloride plant atits complex in Plaquemine, Louisiana, for maintenance throughout December, asource familiar with company operations said on Thursday.

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The work comes after PVC prices have fallen nearly 17% to their lowestlevel since October 2016 from a post-Hurricane Harvey high of $920/mt FASHouston, according to S&P Global Platts data.

The hurricane hit the Texas Coast August 25 and forced widespreadpetrochemical and logistical outages from Corpus Christi to the far southeastcorner of the state through much of September. Westlake and Shintech PVCoperations in Louisiana were not affected by the storm, but sluggish globaldemand weakened prices as other producers' Texas PVC operations restarted.

PVC is used to make pipes, siding and window frames as well as raincoatsand shower curtains. Westlake expects global PVC demand to grow 3.2% per yearthrough 2021, according to a presentation on Tuesday at the Citi BasicMaterials Conference in New York that was posted on the company's website.

--Kristen Hays, kristen.hays@spglobal.com

--Edited by Lisa Miller, lisa.miller@spglobal.com