With the plant’s closure, the Philippines will now rely entirely on imports to meet its domestic petrochemical demand. Regional suppliers are closely monitoring the situation, with many eyeing opportunities to expand their market share in the country.
Taiyo Vinyl Corporation is reportedly planning major maintenance shutdowns at its PVC production facilities in Japan in 2025, as part of efforts to enhance operational efficiency and ensure safety compliance, according to market sources.
Market participants in Asia are closely monitoring the potential impact of the planned shutdown on regional supply dynamics. In India, some Middle Eastern suppliers have already responded to the tightening supply outlook by raising import offers