Lanzhou Petchem operates NBR line at full rate

12 June 2008 13:08  [Source: ICIS news]

SHANGHAI (ICIS news)--China-based Lanzhou Petrochemical is ramping up its 14,000 tonne/year nitrile rubber (NBR) line to full capacity to meet rising demand, a company source said on Thursday.

“The line restarted last Friday after around a 20-day turnaround and we are operating the plant at full rate amid good demand,” the source said

He added that another 6,000 tonne/year line which was mothballed last year will also restart shortly for non-commercial purposes.

Prices of NBR were assessed at yuan (CNY) 27,500-34,000/tonne($3,974-4,913/tonne) EXWH (ex-warehouse) all regions, CNY300/tonne higher at the low end due to rising import prices on a shortage of feedstock butadiene(BD) and soaring crude oil values.

The PetroChina subsidiary is located in Lanzhou city, capital of the northwestern Chinese province of Gansu.

($1 = CNY6.92)

Helen Yan and Vivien Lu contributed to this article
For more on nitrile rubber visit ICIS chemical intelligence
To discuss issues facing the chemical industry go to ICIS connect

By: Judith Wang
+65 6780 4359

< previous article(VIDEO - ICIS news Europe Lunchtime Bulletin 27 October 2009)

For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.

Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.

Printer Friendly