02 March 2010 03:49 [Source: ICIS news]
SINGAPORE (ICIS news)--Chinese domestic butadiene (BD) prices dropped below yuan (CNY) 14,000/tonne ($2,050/tonne) this week as BD plants in China ramp up operating rates following the Lunar New Year holidays, market sources said.
Domestic BD prices fell to CNY 13,700-15,300/tonne ex-tank this week as Liaoning Huajin Chemical ramped up production at its 100,000 tonne/year BD plant in Panjin, Liaoning, to full capacity after running at a reduced rate since January.
Domestic BD prices in China were at CNY 15,000-15,500/tonne ex-tank in early February prior to the Lunar New Year holidays from 13-22 February.
“Liaoning Huajin BD’s plant was running at a reduced rate due to heavy snow falls and technical issues earlier this year, but it is now running at 100%,” a downstream Chinese synthetic rubber producer said.
BD is used in the manufacture of synthetic rubber that goes into tyre making.
Another Chinese BD plant, Tianjin Petrochemical has also increased the operating rate of its 200,000 tonne/year BD plant to more than 70% after running it at around 60% prior to the Lunar New Year holidays.
Maoming Petrochemical also restarted its 100,000 tonne/year BD plant in February after shutting down in December for maintenance.
($1 = CNY6.83)
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