China’s Zhenjiang to shut down NBR unit in July

11 July 2008 04:58  [Source: ICIS news]

SHANGHAI (ICIS news)--China-based Zhenjiang Nantex Chemical Industry Co will shut down its 20,000 tonne/year acrylonitrile butadiene rubber (NBR) plant from 19 to 31 July for a scheduled maintenance, a company source said on Friday.

“We will ensure the supply of contract cargoes during the shutdown period, but if you want to buy spot cargoes, it is very difficult due to limited inventories,” the source added in Mandarin.

Domestic NBR prices surged by yuan(CNY) CNY1,500-2,000/tonne ($219-292/tonne) from last week to CNY29,100-35,500/tonne ex-warehouse(EXWH) amid snug supply.

The company, owned by Taiwanese synthetic rubber giant Nantex Industry Co, is located in Zhenjiang city in the eastern Jiangsu province.

($1=CNY6.84)

Vivien Lu from CBI contributed to this article
For more on NBR  visit ICIS chemical intelligence
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By: Judith Wang
+65 6780 4359

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