17 July 2006 10:35 [Source: ICIS news]
SINGAPORE (ICIS news)--Shenhua Chemicals, the Chinese producer, will extend the turnaround of its styrene butadiene rubber (SBR) plant by another week due to skyrocketing butadiene prices, a company source said on Monday.
The 170,000 tonne/year plant at ?xml:namespace>
“Our margins have been badly squeezed as SBR prices in
Butadiene spot offers have increased by $150/tonne in the past month to $1,500-1,550/tonne CFR Northeast Asia, fuelled by robust demand and tight supply.
A recent spate of unexpected outages in Asia, Europe and the
Buyers have been scrambling to secure spot material to build up stocks ahead of the upcoming shutdowns, further driving spot prices upwards.
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