07 November 2013 04:19 [Source: ICIS news]
SINGAPORE (ICIS)--China’s Fushun Petrochemical is operating its 200,000 tonne/year styrene butadiene rubber (SBR) plant in Liaoning province at 50% of capacity following its restart in early November, a source close to the company said on Thursday.
The SBR plant was shut down in mid-May for maintenance, the source said.
The company expects to produce non-oil grade SBR 1502 and non-oil grade SBR 1500 in November, the source added.
Separately, Fushun Petrochemical is running its 150,000 tonne/year butadiene (BD) plant, located at the same site, at 70% of capacity. The plant, which supplies feedstock to its SBR unit, was taken offline from mid-May to end-October, the source said.
The increase in the SBR supply following the plant’s restart is likely to weigh on the market prices, one market source said.
Non-oil grade SBR 1502 prices were assessed at yuan (CNY) 13,000-13,400/tonne ($2,135-2,200/tonne) EXWH (ex-warehouse) in east China on 6 November, decreasing by CNY300-500/tonne from the previous week, ICIS data showed.
($1 = CNY6.09)
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