27 November 2008 03:18 [Source: ICIS news]
SINGAPORE (ICIS news)--South Korea’s synthetic rubber producer LG Chem shut down its 100,000 tonne/year butadiene rubber (BR) plant in Daesan on 25 November for maintenance , a company source said on Thursday.
The plant will be offline until 7 December as scheduled, the source added.?xml:namespace>
The two-week planned turnaround will not have any significant impact on BR pricing due to prevailing weak market conditions, traders said.
BR spot prices have plunged 50% in the past month to around $1,500/tonne CFR (cost and freight) northeast (NE) ?xml:namespace>
BR is a raw material used in the manufacture of tyres.
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