China's BlueStar Tianjin shuts down BD unit on weak demand

10 December 2008 10:53  [Source: ICIS news]

SHANGHAI(ICIS news)--China-based BlueStar Petrochemical Tianjin Branch has shut down its 30,000 tonne/year butadiene (BD) unit for maintenance due to weak downstream demand, a company source said on Wednesday.

“The shutdown may last half a month to one month, but the fixed restart date is still unknown,” the source said.

Domestic BD prices fell to yuan (CNY) 5,000/tonne ($727.8/tonne) ex-works from CNY24,000/tonne in August due to shrinking downstream demand amid a global financial turmoil, traders said.

The company, based in the northern city of Tianjin, is a subsidiary of Beijing-headquartered China National BlueStar Corp, which focuses on chemical products and new materials.

($1=CNY6.87)

Amber Liu contributed to this article.
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By: Judith Wang
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